If ever a company was on sale, and getting cheaper by the day, it's NOV. Or maybe it will never be the same again. Take your pick. This sad puppy is by far my worse performing company and you can be sure it's torpedoed a lot of portfolios. NOV once talked of a share buyback. What a great time to do it -- as long as it doesn't put the company's viability in question. Then in a couple of years, when oil prices rise, it will be able to more easily regain much of its former muscle.
This last step to the merger is taking what seems like an inordinate amount of time. Perhaps the DC Commission needed time to purchase ski masks and revolvers. Whatever, whenever this process grinds to a successful conclusion, whatever month/year it is, then EXC can pause a little while to rev up its engines, then begin to cut a swath as one of America's foremost utilities.
With Maryland locked up, after its public service commission wrangled quite a few perks, I believe EXC now needs just the D.C. Commission to complete this wearying time-eating process. Is that right?
These commissions should be equipped with ski masks and handguns, for all the ransom they've extracted from EXC. But hopefully this circus will be ending soon, and then EXC can begin to build some momentum as the juggernaut it is to become.