Thread regarding National Oilwell Varco Inc. layoffs

Iran Deal will cause oil prices to drop even further. Think it's bad now just wait.

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| 432 views | | 3 replies (last July 20, 2015) | Reply
Post ID: @OP+Ct5AOvK

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NOV and "new" don't belong in the same sentence. Again, explain how that information will affect NOV positively?

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Post ID: @6sb0+Ct5AOvK

115842 I believe you are right on the money with that one. It's happening already.

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Post ID: @6221+Ct5AOvK

Not necessarily. Iran needs to rebuild their production capabilities & that means a lot of new & modern equipment. The production goals of the nation of Iran certainly have economic consequences, but their budget is almost exclusively tied to oil exports. They MUST develop those fields to pay for their budgets. The motivators & economic rules that we (largely) play by in the west do not apply evenly for NOCs.

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Post ID: @3Abs+Ct5AOvK

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