Thread regarding National Oilwell Varco Inc. layoffs

Yep mission going into Rig and being such a good move was a lie and k–led that whole segment. mo–ns in management have been left to run free. No oversight from the board. They must be blind and dumb if they believe Corona did this.

oh, thats areal shame really enjoyed reading the b—s— posted by all you American folks.
suppose that you mind yours and we will mind ours!

have a nice day yall

Wake UP? Dude, i'm riding this gravy train to the end.

WAKE UP!!!!!!! EVERYONE!!!!!!

Ever since rigs took over mission it all started going to –it.Oh rigs is better they give raises every year,we have had one raise in the last six years. Oh well I'm glad its almost over.

Shut us down pay us off we'll move along yippy ky aa mf

The real problem is diversity. NOV has not diversified into other technologies for example renewables. NOV think they can just plod along arrogantly and be top dog. Sadly that gravy train is coming home to roost.

The agility to diversify is now lost, as our competitors have now or in the process of moving into this arena, after years of no profit, yes investors are moving away from NOV. (simple web search will confirm this)

The likelihood of bankruptcy is 48% from what i have researched. Which is consistent with competition albeit 5 to 7 % higher.

This is nothing to do with COVID-19 or downturn in oil demand it’s purely down to 4 yrs of arrogance, mismanagement and the inability to diversify

Guess your one of those ignorant redneck hillbilly’s who voted Trump into power, only explanation for your stupid comments, best wishes ya’ll

https://www.fool.com/investing/2020/10/17/3-oil-stocks-that-could-go-bankrupt-in-2020/

National Oilwell Varco
A decade ago, National Oilwell Varco, commonly known as "NOV", was riding high, as were its oilfield services peers Schlumberger, Halliburton, and Baker Hughes. Advanced drilling technologies, oil field equipment, and services such as contract drilling were all in high demand when WTI crude oil was above $80 a barrel – as it was from 2011 until the end of 2014. These were some of NOV's best days. But compared to 10 years ago, its stock is down by 82%.

One of NOV's major investments over the past few years has been its NOVOS automated directional drilling control system. Although the technology is impressive, there just aren't as many rigs operating in the field as there used to be. With drillers like Patterson-UTI struggling as it is, it's unlikely NOV will be able to attract a lot of customers anytime soon.

NOV hasn't had a profitable year for five years, a streak that could continue given WTI prices are at the low end of their 5-year range. And given the volatility of the oilfield services sector as a whole, investors should steer clear of NO