Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



National Oilwell Varco is a Quiet Moneymaker

In the video below, Fool analysts Austin Smith and Jim Mueller discuss the big opportunity ahead for National Oilwell Varco (NYSE: NOV  ) .

NOV is a quiet stock that doesn't get a lot of attention in investment media, yet there's not an oil rig that exists without some equipment on it from National Oilwell Varco, Mueller says.

That's why some investors say the company's ticker symbol, NOV, might as well stand for "No Other Vendor." It's a pick-and-shovel play, meaning that NOV provides all the equipment necessary for drillers to operate, but does not operate any wells itself.

The company is also "energy agnostic," Smith says. It's there no matter if a company is drilling for oil or natural gas, and no matter if it's on land or in water. That makes it a less risky play than investing in a single oil driller, energy company, or pipeline.

National Oilwell Varco is perhaps the safest investment in the energy sector due to its industry-leading 60% market share. This company is poised to profit in a big way; its customers are both increasing the number of new drilling rigs as well as updating an aging fleet of offshore rigs. To help determine if NOV is a nice fit for your portfolio, check out our premium research report with in-depth analysis on whether NOV is a buy today. For instant access to this valuable investor's resource, simply click here now and claim your copy today.

Read/Post Comments (0) | Recommend This Article (3)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2153862, ~/Articles/ArticleHandler.aspx, 10/24/2016 11:56:05 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated Moments ago Sponsored by:
DOW 18,240.46 94.75 0.52%
S&P 500 2,150.78 9.62 0.45%
NASD 5,303.78 46.37 0.88%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

10/24/2016 11:40 AM
ATW $8.95 Down -0.31 -3.30%
Atwood Oceanics CAPS Rating: ****
BP $35.77 Down -0.48 -1.32%
BP CAPS Rating: ****
NOV $36.66 Down -0.32 -0.85%
National Oilwell V… CAPS Rating: *****
RIG $10.20 Down -0.31 -2.90%
Transocean CAPS Rating: ****
SDRL $2.25 Down -0.07 -2.81%
Seadrill CAPS Rating: ***