National Oilwell Varco
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Should Investors Get Comfortable with This Struggling Driller?
By Nick Chiu - May 20, 2013 | Tickers: HAL, NOV, WFT
Weatherford International (NYSE: WFT), the world’s No. 4 oilfield services provider, offering equipment and services used in the drilling, evaluation, completion, production and intervention of oil and natural gas wells. The firm had been chasing growth, which resulted margin compression and lowered returns as compared to its competitors. However, the management provided an improving outlook in the latest earnings report.
Recent development
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Trouble In the Upstream
By Austin Higgins - May 14, 2013 | Tickers: CVX, DRC, NOV
While the oil business has been booming in the United States, not every energy company has been profiting. As crude oil prices dip, exploration and production companies suffer. There comes a point where the financial gain from drilling does not outweigh the costs of drilling. These three companies are on the wrong side of the American oil boom.
Chevron Corporation (NYSE: CVX)
Chevron Corporation posted its first quarter earnings on more »
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Barry Rosenstein Takes 9% Stake in This Energy Play
By Meena Krishnamsetty - May 7, 2013 | Tickers: BHI, NOV, OIS, SPN, WFT
Oil States International (NYSE: OIS) rose over 15% on April 30 following the news that activist investor Barry Rosenstein’s JANA Partners owns 5 million shares of the stock (or 9.1% of the total shares outstanding) and will push to split up the now $4.9 billion oil and gas equipment and services company.
We track JANA’s quarterly 13F filings alongside those of other hedge funds as part more »
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Buying This Solid Drilling-Equipment Provider on Weakness
By Nick Chiu - May 7, 2013 | Tickers: BHI, NOV, SLB
National Oilwell Varco (NYSE: NOV)), with a market cap of $28.1 billion, is one of the largest providers of equipment and components to the energy industry. It supports oil and gas drilling and production operations, oilfield services, and supply chain integration services to the upstream oil and gas industry. Despite weak quarterly numbers, it may be a good time to consider buying National Oilwell Varco.
Lower operating margin
On more »
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Are Oil Service Firms Worth the Risk?
By Joshua Bondy - May 2, 2013 | Tickers: NOV, OIS, SU
Finding oil and buying up acreage is important, but without a drill the oil will stay in the ground. The growth of shale formations, ultra-deepwater fields, and the oil sands has increased the difficulty of modern oil extraction. The increased degree of technological complexity has driven many upstream firms to focus on smaller parts of the exploration process, leaving more room for oil service firms.
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Finding Value in Oil Service Stocks
By Rupert Hargreaves - April 27, 2013 | Tickers: BHI, NBR, NOV, RDC
I'm in this business to make money, I am also a disciple of Benjamin Graham, so naturally I am always on the lookout for stocks that offer deep value, and right now, some of the best value I can find is in oil services stocks, which have been sold off recently due to the falling price of oil.
In practice, the panic selling that has been spurred by the more »
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Gold Drops! What 'They' Don't Want You to Know
By Adem Tahiri - April 19, 2013 | Tickers: ABX, FCX, NOV, GLD
The price of gold, and the broader commodities market, plummeted on Monday morning. At one point SPDR Gold Shares (NYSEMKT: GLD)ETF, was down over 8%, hitting fresh 52-week lows at $130. Miners like Barrick Gold (NYSE: ABX) and Freeport-McMoRan (NYSE: FCX) fared even worse, with Barrick's shares plunging over 12%. The sudden "flash crash," and broader gold decline in recent months, has left investors searching for answers.
The more »
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Gold Drops! What "They" Don't Want You to Know
By Adem Tahiri - April 17, 2013 | Tickers: ABX, FCX, NOV, GLD
The price of gold, and the broader commodities market, plummeted on Monday morning. At one point SPDR Gold Shares (NYSEMKT: GLD)ETF, was down over 8%, hitting fresh 52-week lows at $130. Miners like Barrick Gold (NYSE: ABX) and Freeport-McMoRan (NYSE: FCX) fared even worse, with Barrick's shares plunging over 12%. The sudden "flash crash," and broader gold decline in recent months, has left investors searching for answers.
The more »
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An Oilfield Services Stock That Warren Buffett Loves
By Anh HOANG - March 31, 2013 | Tickers: HAL, NOV
Do you want to invest into one oilfield services company that is loved by a lot of famous and successful investors, including Warren Buffett, Jim Simons and T. Boone Pickens?
Take a closer look at National Oilwell Varco (NYSE: NOV). As of December 2012, Berkshire Hathaway's Warren Buffett owned nearly 5.3 million shares, oil guru T. Boone Pickens held more than 94,000 shares while Renaissance Technologies' Jim more »
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The "Black Gold" Rush
By Victor K. - March 22, 2013 | Tickers: XLE, HP, IEZ, NOV, TSO
The American gold rush is back, but this time prospectors are digging for "black gold." Of course the quest for oil never really went away, but interest in domestic production does seem to be rising. According to the Department of Energy, the U.S. is expected to produce more crude oil than it imports in 2013 -- the first time that's happened since 1995. Meanwhile, the International Energy Agency projects more »
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3 Reasons National Oilwell Varco is A Buy
By Ryan Palmer - March 16, 2013 | Tickers: FTI, NOV, RBN, SLB
Calling National Oilwell Varco (NYSE: NOV) the"picks and shovels" of the oil industry is certainly appropriate. While not in the business of producing oil themselves, the products and services they provide are critically important to those who are. Virtually every oil rig in the world utilizes the products of National Oilwell Varco. They operate in 3 business segments. The Rig Technology segment generates the most revenues and profits for more »
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Finding Your Way Through the Wall Street Maze
By Fani Kelesidou - March 11, 2013 | Tickers: NOV, RAVN, SWKS
Discovering the next compelling candidate for a stock portfolio is not an easy task to fulfill. The financial world contains an unimaginably large number of data and investing tools. In order to extract wisdom out of them, investors often have to keep their nose to the grindstone. However, stock screeners can take some burden off investors' shoulders and provide them with intriguing investment opportunities in the blink of an eye more »
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Buy These 3 Undervalued "Elephant" Stocks...Before Buffett Does
By Adem Tahiri - March 7, 2013 | Tickers: AFL, BRK-B, NOV, TOL
Warren Buffett wants an Elephant.
In Berkshire Hathaway's (NYSE: BRK-B) 2012 letter to shareholders, Buffett again stressed his desire to make a large acquisition. Given that Berkshire's book value returns have trailed the S&P 500 during three of the last four years, it's increasingly likely that a large acquisition will be made in 2013. At Berkshire's size, a large acquisition is simply the easiest way more »
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3 Reasons National Oilwell Varco is A Buy
By Ryan Palmer - March 7, 2013 | Tickers: FTI, NOV, RBN, SLB
Calling National Oilwell Varco (NYSE: NOV) the "picks and shovels" of the oil industry is certainly appropriate. While not in the business of producing oil themselves, the products and services they provide are critically important to those who are. Virtually every oil rig in the world utilizes the products of National Oilwell Varco. They operate in 3 business segments. The Rig Technology segment generates the most revenues and profits for more »
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Courtesy of Motley Fool Money: 4 Great Investments
By Josh Kohn-Lindquist - March 6, 2013 | Tickers: MDLZ, NOV, AMTD, WM
Religiously tuning in to The Motley Fool's Market Foolery and Motley Fool Money podcasts for just shy of a year, I have proudly become one of the "dozens of listeners" from all over the globe. While each podcast is hugely informative, I find that the Motley Fool Money's "Stocks on Our Radar," is the ultimate cherry on the top of each weekly episode. Here are my four favorite more »
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Oil Exploration In The United States Is Slowing Down
By Rupert Hargreaves - March 5, 2013 | Tickers: NOV, SDRL, RIG
When National Oilwell Varco (NYSE: NOV) announced its results in February the company's shares tanked, despite the fact that the company achieved record earnings. Despite this, shares dropped on the company's forecast that drilling rates in the US were slowing down and the oil boom US could be starting to cool off.
In my opinion this presents an excellent buying opportunity. I immediately purchased shares and will continue more »
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4 Reasons to Buy This 5-Star Stock
By Josh Kohn-Lindquist - February 27, 2013 | Tickers: HAL, NOV, SLB, WFT |
Not many companies, if any, can claim that their products are necessary to keep an entire industry running. However, that is exactly what National Oilwell Varco's (NYSE: NOV) CEO Merrill Miller, Jr. states, as he explains that his company's products "can be found in every oil rig that exists." Simply stated, these are rare, yet excellent words for investors to hear -- particularly if they are a fan of more »
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Merger Not a Simple 3.5%
By Mike Thiessen - February 12, 2013 | Tickers: HAL, NOV, RBN, SLB
In mid-January, equipment manufacturer Robbins & Myers (NYSE: RBN) reiterated its intention to merge with National Oilwell Varco (NYSE: NOV) on February 19, 2013. After the merger has been completed, Robbins & Myers will become a wholly-owned subsidiary of the Houston-based oil services company. Since the deal has already been approved by a vote of Robbins & Myers shareholders, it simply awaits clearance from the customary pre-closing antitrust investigation. With no pending legal more »
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The Top 10 Stocks for 2013 and Beyond
By Brian Shaw - February 10, 2013 | Tickers: AAPL, BRK-B, CMG, NOV
Over the past several months, I've identified 10 stocks as strong candidates for the core of any portfolio. Each of these companies is a great business, has great management, boasts a strong track record of profitability, and has the opportunity to grow thanks to competitive advantages that make each business best-in-class. Here are the Top 10 stocks:
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Drill Baby Drill: A Rebound Story
By Joseph Solitro - February 8, 2013 | Tickers: BHI, HAL, NOV, RBN
National Oilwell Varco (NYSE: NOV) has seen better days. This stock is down around 20% in the last year and over 10% in the last 5 days. However, their business is stronger than ever. This company provides oil well services and equipment to the oil and gas industry. They recently reported earnings of $1.49 per share, beating the $1.44 estimate set by analysts. National Oilwell Varco reported revenue more »
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