It's easy to tell who is a Troll on a message board. They fill their posts with things like "LOL".
It's a cyclical industry. You make money when you buy low, and sell high. You first have to buy low. Maybe a good time now, or over the next 6 months? It's too late to buy low when the price goes up by double.
I'm all done in my life selling at the bottom. There is a point to sell, and a point to buy, and a point to hold. Its pretty late to sell, unless you like being the capitulator.
Nice insight. I got some NOW shares in the spin off from NOV. Just checked stats on Yahoo. NOW has no debt at all. Revenue over 4 billion, market cap a little over 2 billion.
That said, the more than 50% collapse in the price of crude is going to cause big drops in revenue for oil service companies, incl NOW. But I agree that going forward, NOW will do well. Might take 2-4 years tho. Need to read more company reports, see how much market share they have in their product lines before buying more.