NOV News and Press, National Oilwell Varco Inc. From 12/30/22

Summary My search for global yield takes me to Canada. Increased Canadian interest rates and strong oil and gas growth prospects paint a bullish outlook for the VDY ETF. However, according to my technical analysis read that takes into account flow, location, and trap elements, this ...

Summary Underinvestment in upstream O&G puts the oil services sector in a coiled spring of accumulated potential. My technical analysis framework based on Trend Flow, Support/Resistance Location, and False Breakout Traps suggests that the OIH ETF is poised to outperform the S&P ...

Summary The need for O&G capex investments is building up slowly, but surely with acceleration. Midstream O&G players stand to benefit from increased upstream volumes. My technical analysis assessment using Flow, Location, and Trap elements suggest to me that AMZA is poised ...

Summary As fears of a Federal Reserve-induced recession have risen, speculative areas of the market have been crushed. In this volatile environment, value continued to outperform growth. Bear markets can be difficult, but often set up opportunities for the enterprising, patient valu...

NOV Inc. (NYSE: NOV) will hold a conference call to discuss its fourth quarter and full year 2022 results on Tuesday, February 7, 2023, at 10 a.m. (Central Time). NOV will issue a press release with the Company’s results after the market closes for trading on Monday, February 6, 2023. The ...

Summary The world is facing an energy crisis, and it needs fossil fuels in the interim. But investment in O&G have been lagging, and it needs to pick up. NOV is a beneficiary of upstream O&G capex; it is poised to benefit from the inevitable increased investments. A fu...

NOV, Inc. (NOV) Q3 2022 Earnings Conference Call October 28, 2022 11:00 AM ET Company Participants Blake McCarthy - VP, Corporate Development & IR Clay Williams - Chairman, President & CEO Jose Bayardo - SVP & CFO Conference Call Participants ...

Summary Oil services stocks have been among the best names so far this year. NOV Inc reported an earnings miss, though, and shares traded lower on Friday as its sector rallied big. I see fundamental upside to NOV here, but the chart is not quite as bullish. Seeking t...

National Oilwell Varco press release ( NYSE: NOV ): Q3 GAAP EPS of $0.08 misses by $0.09 . Revenue of $1.89B (+41.0% Y/Y) beats by $70M . Adjusted EBITDA of $195 million, up $45 million sequentially and $139 million year-over-year For further details see:...

Revenue of $1.89 billion, up 9% sequentially and 41% year-over-year Operating Profit of $55 million, down $13 million sequentially and up $98 million year-over-year Net Income of $32 million, or $0.08 per fully diluted share Adjusted EBITDA* of $195 million, ...