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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Jurgis Bekepuris who wrote (55626)	7/6/2015 2:18:01 PM
From: Graham Osborn	Read Replies (1) \| Respond to of 78628

Do you (or anyone else) own HP? This is the first services company that's really caught my eye. I'll post my thoughts when done but just curious if anyone else has evaluated this stock.

To: Jurgis Bekepuris who wrote (55626)	7/7/2015 8:25:08 PM
From: Spekulatius	Read Replies (1) \| Respond to of 78628

Bought a bit of NOV as well (Starter position) and added to OKE. A little bit lower and I would have had adds in FLR, MRO and APA today.

To: Jurgis Bekepuris who wrote (55626)	7/13/2015 6:55:09 PM
From: Graham Osborn	Read Replies (1) \| Respond to of 78628

I decided against NOV.. not really any slam-dunk reason except I like HP better. Seems like NOV is still working a bit to digest the RBN acquisition cash flow wise. Paradoxically, I also like that HP is more purely focused on E&P customers. Logic: lag of impact of change in oil prices increases the farther downstream you are. I think NOV might be a bit green yet. Another consideration: NOV has more direct exposure to the frackers, and the frackers are, as the saying goes, fracked. Hopefully NOV is sufficiently diversified this won't be a big problem. By the way, wrt BNKJF: any insight on the Albanian banking situation? From my reading 16% of Albanian banks are Greek chains and have higher reserve requirements than their Greek counterparts. Given that many IOCs operate in 3rd or 4th-world countries this doesn't greatly disturb me off hand; however the stickiness of BNKJF the past week or so relative to Brent has me searching for additional detail. Good luck to all, Graham