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National Oilwell Varco, Inc. Message Board

  • miamisammy miamisammy Sep 2, 2008 11:59 AM Flag

    NOV relative to RIG


    I wonder why RIG is down much less % wise.

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    • Because RIG is already down a lot on a percentage basis. I also believe NOV could be more widely held.

      Notice the LEH fund today that had to shut down because it had lost money in Copper and Natural Gas.

      How in the hell do you lose money in Copper and Nat Gas with their market exploding?

      Anyway that was a 4 billion fund having to sell. Do you think they owned any FCX or RIG or NOV. My guess is yes and there are several "funds" getting their asses kicked that are having to sell. This of course is driving the prices down. You can be sure there are others that sat back today and are on pins and needles ready to pounce on NOV. It will come. And when all the have to sellers leave this baby will rocket higher. No matter what oil is a barrel.

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