I know for fact that there has been a lot of closed door, off site meeting by the powers to be. There are two possibilities for this liqudation/merge or acquisition/merge. Despite the popular belief NOV has a deeper war chest of cash than people would believe, pairing that with Clays repeated mentioning of acquiring assets at below market value and the reorganization of company segments it looks like we are a buyer. I assume that the target is Westherford but in reality I think FMC would be a better investment.your thoughts
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They're not gonna acquire Weatherford, which is a service company essentially.
I believe the word merge was used as well, a merge would not be a 100% buyout. Not sure if anyone was around when the the merge with Varco transpired but that was just a controlling effort with stock and cash not 100%. NOV just finished a huge stock buy back. I would not consider many of there acquisitions mom and pops, huge companies most were not. The companies had the technologies or the market share NOV wanted and that is what they got. The cut the dead wait loose after they secured the prize. It will be interesting either way. I'm not any more secure than anyone else, but I find it fascinating how the brains of these companies decide the future of thousands of people.
NOV can't afford Weatherford. Despite Weatherford being in debt, NOV goes after mom & pops, place the NOV logo on it and take these businesses down under.
Far from here Nov is not a giant company and hard tho competition with another one !