NOV News and Press, National Oilwell Varco Inc. From 07/12/22

We are value investors. In constructing portfolios for our clients, we seek out companies that we believe are trading in the market at significant discounts to their underlying value. These businesses must offer significant profit potential and be run by managers who think and act as owne...

Occidental Petroleum's price and valuation have been exaggerated by Berkshire Hathaway's buying interest. Recessions are the worst time to own industrial businesses, especially commodity-exposed oil/gas assets. Projecting an OXY share price closer to $40 is not difficult, with $70...

Energy sector has reversed dramatically, falling close to 25% since. The price of oil has pulled back significantly, which causes compression in gross margins for suppliers. Most industries will breathe a sigh of relief, but energy companies will be in the other camp. Up...

Crude oil prices plunge alongside broader markets on Tuesday as worries over an economic slowdown dominate sentiment, and the U.S. dollar surged against other major currencies. WTI crude oil ( CL1:COM ) for August delivery -7.3% to $100.51/bbl, and September Brent crude ( ...

Schlumberger has not kept up with many of its peers so far this year, despite the company boasting strong performance. That strength is likely to continue for the foreseeable future and it could present investors with an opportunity to buy in on the cheap. In all, this business is...

No sector is safe in bear markets and the current selling of winning stocks is typical of the later innings of market declines, MKM Partners says. "The high degree of correlation between Crude Oil (CL1:COM) (USO) (CO1:COM) (BNO) and Energy stocks (NYSEARCA:XLE) broke last week," MKM Chief Mar...

NOV Inc. (NYSE: NOV) will hold a conference call to discuss its second quarter 2022 results on Thursday, July 28, 2022, at 10 a.m. (Central Time). NOV will issue a press release with the Company’s results after the market closes for trading on Wednesday, July 27, 2022. The call w...

UBS highlights what to own and avoid as the stock market moves to its next phase and recession risks rise. Its screens favor higher and improving quality over lower quality and less improvement, strategist Keith Parker wrote in a note.  The definition of "quality" is not absolute. UBS ha...

NOV reported strong revenue growth in Q1 and an improved EBITDA margin. Rising oil prices have helped oil-related names. Elevated oil markets could drive profitability next quarter. However, the upside appears priced into the stock. Oil prices could become more normalized if the w...

The Polaris Global Equity Composite returned -3.83%. We are constantly assessing the portfolio seeking to ensure that our holdings thrive in an inflationary period. We are actively seeking attractively-priced stocks with good upside potential and lesser downside risk. We belie...