To all of those people out there who sold shares of National Oilwell Varco (NYSE:NOV) when it reported earnings earlier this week, it was probably a move based on the short term because much of the disappointing news that came from its recent performance wasn't necessarily an indication of major problems with the company. More than anything, the demand for its most profitable segment -- rig technology -- is on a slight downturn because major rig buyers have too many rigs right now.
This trend may hurt the company for a few quarters, but there are two important factors that indicate this is only a temporary thing. Find out what those two factors are and how they play well into National Oilwell Varco's future by tuning into the video below.
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