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National Oilwell Varco, Inc. Message Board

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  • baduckett baduckett Nov 24, 2009 10:04 PM Flag

    Oil prices will drop

    Whereas your conclusion is plausible, most oil producing companies will probably utilize this temporary correction as an opportunity to re-tool and invest in maintaining or improving the rigs and associated service.

    NOV may dip as suggested.
    If it does it an opportunity to buy.

    Demand for oil will out pace production. Until someone can figure out a cheaper energy source.
    NOV as well as its competition will only profit from this consequence.

 
NOV
66.70Dec 26 4:02 PMEST

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