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National Oilwell Varco, NOV

Posted on 4/20/15 at 11:08 pm
Posted by white perch
the bright, happy side of hell
Member since Apr 2012
7114 posts
Posted on 4/20/15 at 11:08 pm
does anybody own this or have any insight?

It looks like a solid stock that's poised for a comeback. Good financials and good dividend (3.34%)

Morningstar
Company Website
Posted by GREENHEAD22
Member since Nov 2009
19579 posts
Posted on 4/21/15 at 12:08 am to
They're huge, will be fine.
Posted by TJG210
New Orleans
Member since Aug 2006
28332 posts
Posted on 4/21/15 at 1:01 am to
Used to work for them and still own a slug of stock. Good company, very diversified, will be fine.
Posted by cstev12
Houston
Member since Mar 2010
795 posts
Posted on 4/21/15 at 7:39 am to
They are one of the rumored companies looking to buy Sperry's MWD/LWD and Directional services from Halliburton.
Posted by GREENHEAD22
Member since Nov 2009
19579 posts
Posted on 4/21/15 at 8:06 am to
Not sure if I see that one happening, well services would be a completely new segment for them.
Posted by Coach Guidry
Member since Nov 2007
2333 posts
Posted on 4/21/15 at 9:30 am to
I have a family member who is high up in the ranks of NOV. Just through small chat Sunday he said they are sitting on a ton of cash at the moment...asked him about buyouts and he said nothing certain, but a lot of options on the table.
Posted by barry
Location, Location, Location
Member since Aug 2006
50336 posts
Posted on 4/21/15 at 10:26 am to
quote:

Not sure if I see that one happening, well services would be a completely new segment for them.



Which is why they would buy it....
Posted by Krokodil
Member since Dec 2013
819 posts
Posted on 4/21/15 at 9:13 pm to
Looks like their CFO left today to go be CEO at Transocean. LINK
This post was edited on 4/21/15 at 9:14 pm
Posted by C-Bear
A Texas Tiger
Member since May 2005
809 posts
Posted on 4/22/15 at 7:51 am to
Yep, he's the brother in law of my neighbor.
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