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Business Wire (Apr 29, 2013)
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Business Wire (Apr 26, 2013)
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Oversold Growth StocksCodespeed • Wed, Apr 24 -
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National Oilwell Varco Q2 2010 Earnings Call TranscriptFri, Jul 30, 2010
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National Oilwell Varco, Inc. Q1 2010 Earnings Call TranscriptTue, Apr 27, 2010
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National-Oilwell Varco Q4 2009 Earnings Call TranscriptWed, Feb 3, 2010
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National Oilwell Varco Inc. Q3 Earnings Call TranscriptMon, Oct 26, 2009
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National Oilwell Varco, Inc. Q2 2009 Earnings Call TranscriptTue, Jul 28, 2009
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National Oilwell Varco Inc. Q1 2009 Earnings Call TranscriptThu, Apr 23, 2009
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National Oilwell Varco Q4 2008 Earnings Call TranscriptWed, Feb 4, 2009
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National Oilwell Varco, Inc. Q3 2008 Earnings Call TranscriptFri, Oct 24, 2008
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National Oilwell Varco, Inc. Q2 2008 Earnings Call TranscriptTue, Jul 29, 2008
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at MarketWatch.com (Fri, 10:59AM)
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at CNBC.com (Wed, 4:24PM)
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Business Wire (Apr 29, 2013)
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at MarketWatch.com (Apr 26, 2013)
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Business Wire (Apr 26, 2013)
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at CNBC.com (Mar 14, 2013)
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at MarketWatch.com (Mar 8, 2013)
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Business Wire (Mar 6, 2013)
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Business Wire (Feb 21, 2013)
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at CNBC.com (Feb 20, 2013)
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Business Wire (Feb 20, 2013)
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Business Wire (Feb 19, 2013)
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at CNBC.com (Feb 14, 2013)
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at MarketWatch.com (Feb 6, 2013)
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at MarketWatch.com (Feb 1, 2013)
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Business Wire (Feb 1, 2013)
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at CNBC.com (Jan 25, 2013)
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at CNBC.com (Jan 25, 2013)
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at MarketWatch.com (Dec 27, 2012)
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Business Wire (Dec 6, 2012)
NOV vs. ETF Alternatives
Company Description
National Oilwell Varco, Inc. (“NOV” or the “Company”), a Delaware corporation incorporated in 1995, is a leading worldwide provider of equipment and components used in oil and gas drilling and production operations, oilfield services, and supply chain integration services to the upstream oil and... More
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- | Earnings
- | Dividends
- | M&A
- | On the move
- Tuesday, May 7, 10:54 AM Dresser-Rand (DRC +3.8%) is turning into a takeover target for potential buyers such as Siemens (SI), National Oilwell Varco (NOV) and Cameron (CAM), Bloomberg writes. GE’s decision to buy Lufkin this year at the highest multiple to profit on record signaled an appetite for takeovers in the oilfield equipment industry, and DRC could be next on the list as the number of takeout candidates in the space diminishes. 1 Comment [Energy, M&A, On the Move]
- Tuesday, February 19, 3:44 PM National Oilwell Varco (NOV +0.2%) receives antitrust approval for its acquisition of Robbins & Myers (RBN +0.7%), clearing the way for the $2.5B deal to close on Wednesday. The companies say they also received a letter from the Canadian antitrust officials stating they didn't plan to take any action in the matter. Comment! [Energy, M&A]
- Friday, December 7, 2012, 5:56 PM Antitrust reviews by U.S. and Canadian officials on Robbins & Myers' (RBN) planned $2.5B acquisition by National Oilwell Varco (NOV) have been extended, pushing the deal’s proposed closing date into 2013. The moves are not a big surprise; RBN -0.2%, NOV -0.3% AH. Comment! [Energy, M&A]
- Wednesday, October 10, 2012, 8:18 AM National Oilwell Varco (NOV) and Robbins & Myers (RBN) receive a request from the Justice Department for further information and documents related to their proposed $2.5B merger. The DOJ request is in line with its oversight duties under the Hart-Scott-Rodino Antitrust Improvements Act. Comment! [Energy, M&A]
- Wednesday, August 22, 2012, 5:08 PM Conditions are ripe for large oilfield service and equipment companies - think HAL, SLB, NOV, CAM, FTI - to continue to snap up smaller firms and assets, Barclays says, citing new regulations encouraging high-specification equipment, operator demand for equipment capable of increasing efficiencies, and the ongoing build-out in offshore markets. (also) 1 Comment [Energy, M&A]
- Tuesday, August 21, 2012, 2:52 PM Stock investors have reacted in a subdued way to recent deals (I, II, III) for oilfield services firms that should boost the earnings of buyers, including National Oilwell Varco (NOV), FMC Tech (FTI) and Chicago Bridge & Iron (CBI), Tudor Pickering analysts say. Most of the targets, such as Pure Energy, have “healthy” exposure to North America, which analysts say investors "still view skeptically." Comment! [Energy, M&A]
- Thursday, August 9, 2012, 11:57 AM National Oilwell Varco's (NOV +0.7%) $2.5B deal to purchase Robbins & Myers (RBN +27.3%) is the sixth deal NOV has made this year alone, pushing its total M&A spending past $4B. Analysts largely applaud the latest deal, calling the price reasonable and saying the two companies fit together well; they expect the deal to boost NOV’s earnings next year. Comment! [Energy, M&A, On the Move]
- Wednesday, May 30, 2012, 5:29 PM National Oilwell Varco (NOV) agrees to acquire oil and gas equipment distributor CE Franklin (CFK) for ~C$240M. The C$12.75/share price is a 36% premium to the volume weighted average price over the 20-day period prior to April 17, when CFK said it was reviewing strategic alternatives. Comment! [Energy, M&A]
- Friday, May 25, 2012, 3:13 PM National Oilwell Varco (NOV +0.3%) acquires Canadian competitor Enerflow in a move that will expand NOV’s offering of well intervention and stimulation equipment. Financial terms of the deal were not disclosed. Comment! [Energy, M&A]
- Friday, February 3, 2012, 7:13 AM National Oilwell Varco (NOV) acquires Denmark-based NKT Flexibles for $670M in a deal that is expected to close in H1 of 2012. Shares +0.4% premarket. Comment! [M&A, Global & FX]
- Tuesday, July 5, 2011, 9:10 AM National Oilwell Varco (NOV) to acquire Ameron Internation (AMN) for $85/share in cash ($772M). Ameron makes fiberglass pipe used to transport oil, chemicals and water. NOV makes equipment for drillers. AMR +28% premarket to $84.62. NOV +0.2%. (PR) Comment! [M&A, Breaking News, Top Stories, Energy]
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WhisperNumber
$NOV earnings $1.29, four cents short of the whisper number. Expected price reaction: http://seekingalpha.com/a/tf2p - View all 0 replies
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The Wall Street Transcript
National-Oilwell Varco ($NOV) Expected to Maintain Oil Drilling Equipment Orders Despite Investor Doubts - http://su.pr/1EZpGP - View all 0 replies
LATEST REPLIES
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Mercy Jimenez
Blowout preventers (BOPs) leaking drilling fluid now require inspection; $GE has 20 + $NOV has 12 in GOM http://reut.rs/WBREfL - View all 3 replies
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Alex T: Bob, the largest rig builder in NOV. I don't believe that Cameron even match what NOV produces. Also I believe I read NOV has a 2 Bil backor
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Mercy Jimenez: Plus adding 2selling --former Area Mngr alleges $NOV falsified drill pipe inspection reports; drill pipe failures = catastrophic results ...
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Mercy Jimenez: If true - are there billions of feet of faulty pipes on oil rigs around the world?? Enough to worry or not? http://reut.rs/YFOKXE
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Wilson Wang: Right on Chris! I will look into it! Thanks for letting me know!
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Momintn
Morningstar names NOV's Miller as 2012 CEO of the Year. To see why $NOV is ahead http://bit.ly/13tlLJh - View all 1 replies
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Momintn: Miller sees sustainable drilling prospects worldwide and expects to use its expertise honed in the U.S. to take advantage of a global boom.
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Vash Patel
$ZIP, $NOV, $BPAX, $SKUL, and $TRLG could be ready to move up, is it time to buy? http://bit.ly/Y7ZsnP - View all 1 replies
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jamesinvest: i like $SKUL, enjoy their products, good price points, and they were everywhere you shopped for christmas.
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neobliviscar: $79. Entirely a chip shot. $525 in. Pays probably $10k to $20 if we get a big up day tomorrow. Odds are guested maybe 1 in 20.
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Leont68: now to see if my 2 nov $4.50 calls @.95 will payoff or not. should have bought these yesterday ...
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neobliviscar
SBUX getting roasted a bit. So much for that half dead bounce several of us traded. I'm aiming to sell NOV $42 Puts for 0.5 or more. - View all 2 replies
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neobliviscar: Even with the sell-off, seems kinda slow today. Covered most of Fri daytrade shorts too early on 10/10, yet uber glad I covered the YUM too.
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Vertical Spread
Everybody writing bout X.. I am short NOV 21 Calls, long JAN 20 Calls for a diagonal strategy. - View all 5 replies
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Vertical Spread: Has not put in a new low, but broken a lower trend line I watch. Payoff on the short position is eminent, then short the JAN 21's.
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Vertical Spread: Bought back my X shorts yesterday. Paid 50 cents for the NOV 21's. Now thinking about reshorting on today's 4% rally.
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ArKeh: ... solar product portfolio, fuel cell and nuclear solutions etc. and growing scrap steel supply in developing countries
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Gloria Kessler: How much revenue do you think what you mention will generate for 2013?
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Mercy Jimenez
Now "official" reason 4 flash spike in NOV +other oilers yesterday; those fat fingers need 2 go to the gym: http://on.wsj.com/UjL9L7 - View all 4 replies
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Mercy Jimenez: OK here's some humor back at you 2 (in case U missed it last week when posted) E-Trade Baby Loses Everything http://bit.ly/PUkBBV
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neobliviscar: Now that's comedy... Can't believe no one has sent that to me before.
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Mercy Jimenez
NOV had a flash meltup @ 3:46 pm hitting $89.95 before dropping back to $82.76; guess the BOTs got a little excited. - View all 4 replies
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Dr. Kris: Sorry to say but there's no way any human can make money off of these spikes. The one to which you're referring took a total of 10 seconds. -
Dr. Kris: (My charting program lets me see charts on the tick (1/100 second) level.)