This one was an easy call.
Of course NOV was going to get hammered as oil headed to multi-year lows.
The problem now with NOV is the competition going forward. I think the days of "No other vendor" are over.
Very limited upside for at least the next 12-18 months.
Unfortunately for longs, CBI share price could still be in a downtrend for several more months.
Stunning to see not a single insider buying any shares at these levels.
What say you Berkshire?