From whichever angle I look at it I cannot help but to see a big opportunity with this stock. It is still very near its 5y low, but when you take a closer look at all the parameters you will come to the conclusion that this company is not doing all that bad and that there is good potential for growth. Sure, the pandemic hit NOV very hard, but business looks to be picking up in the O&G sector and it is only a matter of time before the equipment & services companies in that sector start getting more and more business.
To what extent the stock may rise I can’t say, but it will surely rise. Anyone else seeing NOV as a good opportunity right now?
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NOV is down 5.22% to 12.81