Since NOV doesn't derive much revenue in Gas Compressors for instance they won't feel too much of a hit. There is some overlap but it isn't a considerable competitive situation between the companies. Indirectly, it provides another narrative for the rest of the world to question what exactly is NOV doing. Every other O&G company is merging and making themselves stronger and NOV is just sitting on their thumbs.
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Agree NOV should get out of the service market. Focus should be on manufacturing!! Easy money does not exist, it's just gambing.
NOV has tried to be a competitive in the service market, but has faild on many different levels. They should sell out to a company that really knows what they are doing.
Here's the plan. We're gonna create an automation system called "NOVOS", with frickin laser beams ....
Then we will hold the industry ransom for "One Million Dollars", moohoohaha!