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National Oilwell Varco, Inc. Message Board

  • vwdiesel10 vwdiesel10 Dec 19, 2012 2:02 PM Flag

    Acquistions Question

    Anyone think they will start moving into the onshore drilling supplies market to capture some of the US shale production infrastructure needs? Anything along the lines of a Lufkin or something in that direction.

    Obviously they know what they are doing, but it seems a little surprising they are focusing nearly exclusively on offshore when there is a lot of onshore work still to be done with tens of thousands of designated/potential/possible drilling locations in onshore US alone as per the 10Q's and CC's of some of the independent oil and gas operators.

    I'm not too familiar with the international companies still out there that NOV could have its eyes on, so I limited my statements to domestics and exposure.

    Just curious..

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