NATIONAL - OILWELL INC. (NOI) - undervalued/takeover ?

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Gold/Mining/Energy
NATIONAL - OILWELL INC. (NOI) - undervalued/takeover ?

An SI Board Since October 1998

Posts	SubjectMarks	Bans
44	2	0

Emcee: Richard B. Haenisch	Type: Unmoderated

Introduction Compact

NATIONAL - OILWELL INC., designs, manufactures and sells machinery and equipment and distributes maintenance, repair and operating products in oil and gas drilling and production. The company's products include drawworks, mud pumps and power swivels, which are the major mechanical components of rigs used to drill oil and gas wells.

NATIONAL OIL (NOI) distributes its products worlwide.

With the dramatic drop in oilprices, during the first part of the year, NOI has gone from a 52 week high of $44 7/16 in October of 1997 to a low of $7 5/8 in September of this year.

Due to evaluations this stock (NOI) is HIGHLY oversold and should be considered as a possible takeover target.

NOI is currently trading at 9 times earnings (as of 10/23/98) which is the lowest P/E in the industry.

BTW - NOI just met quarterly earnings, despite the industry's current downtrend and insiders filed a 13D buying over 19.5% of the outstanding shares in September at prices between $9.50 - $12.69

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Reply	Message Preview	From	Recs	Posted
44	National Oilwell Varco (NOV): Petrobras drilling plans positive for NOV, subsea	Dennis Roth	-	5/22/2008
43	National Oilwell Varco (NOV): Offshore rig demand still strong, raising price ta	Dennis Roth	-	5/22/2008
42	National Oilwell Varco (NOV): 1Q08 EPS in-line, but lowering estimates on weaker	Dennis Roth	-	5/9/2008
41	National Oilwell Varco (NOV): Risk-reward balanced in near-term; Reinstate with	Dennis Roth	-	5/9/2008
40	National Oilwell Varco (NOV): 4Q orders and backlog strong; updating EPS estimat	Dennis Roth	-	2/7/2008
39	Orders set a new record; Reiterate Buy - Goldman Sachs - October 25, 2007 <	Dennis Roth	-	10/25/2007
38	Newbuilds fuel order reacceleration; Raising estimates, price target July 26,	Dennis Roth	-	7/26/2007
37	Raising price target, estimates; reiterate Buy April 30, 2007 Goldman Sachs	Dennis Roth	-	5/2/2007
36	NOV (OP/A), CAM (IL/A): NOV upgraded to OP/A, CAM downgraded to IL/A May 16,	Dennis Roth	-	5/17/2006
35	NOV (IL/A): Sound execution with strong orders and higher margins - Goldman Sach	Dennis Roth	-	4/27/2006
34	National OilwellVarco (IL/A): Lowering 2006E EPS to consensus level; maintain 20	Dennis Roth	-	2/26/2006
33	National Oilwell (IL/A): Great story getting better, but relative valuation more	Dennis Roth	-	10/31/2005
32	NOV (IL/A): Revision of treatment of charge for 2Q05 EPS Goldman Sachs August	Dennis Roth	-	8/10/2005
31	NOV (IL/A): 2Q in line, but orders suggest brighter outlook Goldman Sachs Aug	Dennis Roth	-	8/8/2005
30	It is not a merger.Noi is buying them out.	Gabor	-	10/14/1999
29	Gabor...Hitec/NOI merger and it's still ignored	James Cherney	-	10/14/1999
28	I can't believe that people ignoring this stock!!!I am in at 11.5	Gabor	-	7/8/1999
27	quote.bloomberg.com	Gary Clarke	-	3/26/1999
26	SPECIAL REPORT on the OPEC Plan March 23, 1999 OPEC's decision to try to s	Ben Beale	-	3/25/1999
25	cnnfn.com	Gary Clarke	-	3/23/1999
24	good move, rico. buying is everywhere right now. afci looks good. seems that a	BILL L	-	11/4/1998
23	Hello Bill and other NOI hopefuls! I just wanted to inform you that I have sol	Richard B. Haenisch	-	11/4/1998
22	rico, thanx for input. noi is basing well..a little pull-back now. it is still	BILL L	-	11/4/1998
21	As promised... Due to an interesting report on Reuters today, I will carefully	Richard B. Haenisch	-	11/2/1998
20	Hello Bill, GREAT DAY TODAY! Not a bad return since 10/21; 11 3/8 to 17 11/16	Richard B. Haenisch	-	11/2/1998

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