NOV stock down 10% this week, Wall Street knows this company is TOAST.
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That is the same percentage as the layoff percentage!
A 14 year low today, champion
Hunting Stock is good, holding firm, comparing NOV to other non service companies is a better way to gage the senior guys performance. Baker, SLB and HAL all get most of their revenue from service not manufacture.
Maybe they’re all toast .... maybe oil and gas ain’t what it used to be since 2015
Eh ?
Schlumbetger are only down to 34%
Baker are similar to Schlumbetger
And
Halliburton are only down to 36%
Nov are down to 25%
Other O&G stocks like Schlumberger and Halliburton are down similar amount. What's your point?