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Strategies & Market Trends : TRIPLE TRADES -- Ignore unavailable to you. Want to Upgrade?

To: Tweets Boar Hog who wrote (4296)	7/20/2025 10:31:37 AM
From: robert b furman	Read Replies (2) \| Respond to of 4385

Hi Tweets, A long time SI member who lives near the dealership I once owned, has told me to watch how National Oil Well, symbol NOV (a very acquisitive firm that specializes in deep water drilling rigs and equipment. As goes deepwater drilling in the Gulf of America, so too will NOV prosper. During this down turn NOV has kept their engineers busy with innovative equipment that takes humans out of the most dangerous work stations on a rig. When there is a problem with a tool down at the drilling area, the pipes have to come out for a fix. That removal is called pickling. They have automated the entire process. Full disclosure, NOV is a very big customer for the dealership. They buy several hundred 4X4 trucks when their business is expanding. Rig has also been very acquisitive. In the pandemic, they merged the most modern deepwater drilling rigs with the most modern jackuprigs. When the quick permitting of The Gulf of Mexico results in tool building, both firms and the entire sector will be the innovative tool builders that support next new finds of non-OPEC fossil fuels. Offshore deep-water drilling in the Gulf will no doubt compete with the more than huge crude oil production in the ANWR reserves in Alaska ( hese reserves have already be studied via seismic teams and have huge untapped reserves). How much oil is really in ANWR? In my 13 years of fishing the summer months of July and August in Valdez, I met a roughneck who worked the BP well on the outer skirts of ANWR. He said there is so much oil to be harvested on that well that BP limits the production on a monthly quota. That quoata throttles the potential of the well. To limit the production he said they tapped the well 3 days a week. Just one man's words, but he was there and that's what he saw! ANWR will be expensive as the tundra can only be traveled on by heavy equipment diring the winter ( for environmental reasons). Chevron just announced a new find ib the Gulf. It appears that Shell, BP, and CVX are the current bigger players in the Gulf. It would be a wonderful development to see tha long awaited natural gas line to parallell the Alyeska pipeline for export to Asia. Few really understand how correct Trump is regarding th. USA dominating the fossil fuel market on a worldwide basis. It should and could be YUGE! Bob