Seeking Alpha

National Oilwell Varco (NOV +5.4%) opens strong after Q2 results exceed estimates. Producers...

National Oilwell Varco (NOV +5.4%) opens strong after Q2 results exceed estimates. Producers have been boosting capital expenditures in the past year and are poised to move much of their North America spending to areas yielding more oil and natural gas liquids instead of cheap natural gas, a shift that could generate even more demand for NOV's products.
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