|Bid||133.89 x 600|
|Ask||135.09 x 600|
|Day's Range||134.33 - 134.57|
|52 Week Range||110.84 - 134.68|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.15%|
National Oilwell Varco’s (NOV) net debt increased 4% in 1Q17 over 1Q16. Its net debt amounted to ~$1.7 billion in 1Q17.
National Oilwell Varco’s (NOV) management identified the requirement for rig upgrades for the small and large upstream players.
This article is part of a regular series of thought leadership pieces from some of the more influential ETF strategists in the money management industry. Today's article is by Ben Lavine, chief investment officer of 3D Asset Management based in East Hartford, Connecticut