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Strategies & Market Trends : CFZ E-Wiggle Workspace

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To: pedro_deleon who wrote (22283)	1/15/2016 9:42:54 PM
From: robert b furman	Read Replies (1) of 41415

Hi Pedro, Not familiar with PTEN. Thanks for the etf symbols. Yes I think the divi's will be cut. If I was the Ceo I'd cut the dividend and buy E&P companys b4 BK, 10 cents on the dollar and buy them. Then grow the dividend over time and stockholders would love you, and oh by the way, pay myself a premium.LOL With regards to NOV here's a real life time story. My Chevrolet dealership is one of 400 Chevrolet Commercial Specialty Dealerships.We sell fleets and small businesses work trucks. Specializing in knowing how to buidl a truck that will do the desired job. I started it in 1992. We had some small oil tool companies that were close to our retail market. One of them was Reed Tool which was bought out by NOV. I told my salesman this was an opportunity to get a bigger account, as he feared losing them. He started contacting them regularly and we won over the account . They would buy 300-400 4x4 trucks a year from us. As a convenience, we'd stock 100 $35,000.00 3/4 ton 4x4 trucks for them when needed. When the shale started shutting down we had 95 new trucks waiting for them. They bought 60 over time and then shut down. We told them that it would cost us 1 million plus interest and it would wipe out our years retained earnings. They stroked us a check for the 35 trucks and said we don't need them but we ordered them. When we work through these, we'll let you know when to order some more. They are sitting on their lot collecting dust. Believe it or not the car biz is a relationship business and I think NOV walks on water. They also are lean and have a little debt - so they can do business in a class way - I'm proof!! They know that commodity cycles create opportunities and will make shrewd acquisitions through this tough time. I have a close friend who has worked for NOV his entire life time and he says that is their classy history. Conservative in good times and aggressive in tough times - I like those kind of people. They will be in my portfolio. Just a note to say I appreciate your excellent e wave discussions here. Thanks Bob

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