Please remember, that news concerning Petrobas is current news to you, but others 'in the know' knew about it weeks ago. That is POTENTIALLY one reason for the nearly 15% drop this month. Because that news may or may not be the reason for the drop? Let it play out...I bought just under $68.90. GLTA and Merry Christmas.
Adding here as well. Getting a small divvy soon, and happy to load under $69. This should pop if we get a Fiscal Cliff deal, and if not it makes a great entry point to hold for the usual annual spring run-up in oil and gasoline. If you think oil will never reach $100 a barrel again, then don't buy NOV, but if you think that the Fed's free money printing will continue, then this is a great price.