National Oilwell Varco Inc. (NOV) is, as you have probably figured by now, involved in the oil and gas industry. They are a company that manufactures, sells, and sevices oil and gas drilling equipment for both land and off shore drilling. They are an international company and they have distribution centers around the world. In the last few years it has been in expansion mode and has aquired other companies such as NQL Energy and Grant Prideco in 2006 and 2007 respectivly. 2006 sales were in excess of 7 billion and it employs nearly 27000.
The stock rose all last year beginning in January of 07 when it stood at about $27 a share. In february it hit $30. March $35, April $40, May $45. In August it went over $60. In October almost $80. By early in this month it was still around $75 a share. Lately it has taken a hit and on January 30 2008 it closed at $63.80 but this is up from a low last week of $57 so as the market recovers from its bad spell so too is this stock. At $63.80 it represents an increase in value of over 100% in a year.
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