National Oilwell Varco, Inc. (NYSE:NOV)
The Company is a worldwide provider of equipment and components used in oil and gas drilling and production operations, oilfield services, and supply chain integration services to the upstream oil and gas industry.
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It's the third world baby! Demand for oil worldwide will only increase as third world countries try to get into the the 20th century. Yes the 20th century, with cars of there own and smoke stack industries. The first world countries are going green, but the third world just wants a chance to get what you have. Oil price will have little effect on this company as it sells equipment, not oil.
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NOV IS ONE STOCK TO OWN FOR THE NEXT DECADE. THE FUTURE IS VERY BRIGHT FOR THIS COMPANY. BUY & HOLD
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I think this is probably the best one to have right now. ROE is great
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Investor Alert 2: The only oil stock to own now
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Sold off along with the general oil stocks, but a specialty oil
drilling equipment maker who continues to build both volume
AND profit margin, and now sells for a ridiculously low P/E.
Quietly being acquired by several NOV Directors.
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May lag for a few months but great long term potential 1-2 years
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Oil is now bellow 25.00 dollars in the northern rockies. The big shale oil play in Montana and North Dokato are noe not viable and rigs are being stacked. The big gas play in the central basin of colorado and wyoming are running into the same problem. The demand for industrial gas is weaking and will continue to weaken throughout 2009. The servie industry has forgotten what a stock dividend is now out of favor with the big inst. investors. Look for NOV in the low teens by 2nd Qtr 2009.
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strong balance sheet, growing backlog, insider buying, long-term contracts
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Jumping on the bandwagon.
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Overly beatn down. Winter's coming.
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As long as drilling is important to energy NOV will have a growing business.
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Just cost averaging down. I WANT this unbelievable and riduculous price point for a company with a record back log on last Q report. Earnings will be stable and growth too. Just a 10 P/E will get us back to $60-70 and more. Great company.
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I am hoping and betting the pillaging is over and NOV is an integral player in oil and gas development...if the pillaging is over, this is a great company for a LONG term gain....
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Good play in the oil services group.
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Demand for oil will continue to expand exponentially. While oil prices have fallen sharply due to the global economic slowdown, they won't get much lower than they are now, and prices should shoot up in the next year and keep going up.
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deflation, off shore drilling, and world wide demand should move this stock
I bought on Thursday on a 300 share GTC order @$20.
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buy on dip
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NOW buy NOV!
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With OPEC meeting to reduce production, which means increased prices.
Also support industry will increace.
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DemonDoug and my pick
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