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Drillers

$NOV - Oil Drilling Equipment SupplierIf you missed out on the oil and crude plays of recent weeks, this play might be for you. Oil drillers are allegedly feeling the pain of a worker shortage, and drilling equipment shortage. According to CNN , "They can't find people, and can't find equipment," said Robert McNally, president of consulting firm Rapidan Energy Group. "It's not like they're available at a premium price. They're just not available." NOV Inc. designs, constructs, manufactures, and sells systems, components, and products for oil and gas drilling and production, and industrial and renewable energy sectors worldwide. The company operates through three segments: Wellbore Technologies, Completion & Production Solutions, and Rig Technologies. So this equation is simple. NOV makes the drilling supplies that companies are so eager to find right now. The stock is also at historic lows. This could be a very fun play heading forward.
NYSE:NOVLong
by jaykenneyTRT
1
PRB breakout from 5 year down trendBackground: - Working on the detour trend in quebec (border's TSX:KL Detour project from the west flank. Borders TSX:WM claims) - 3.2M Oz resource in Valdor - July 7th news release, made a new discovery of mineralization on the monique property - 90,000m, ongoing, drill program Chart: - broke 5 year down trend - consolidating above the down trend line - with XAUUSD pushing higher, or even consolidating in the 1800's, these drilling names with defined resources should be getting more and more attention! Remember to do your research. Company site has some quick links. www.probemetals.com
PLong
by m1n3cpu
A level for Diamond Offshore drilling accumulationKey reasons for taking a position: Triple RSI divergence, with lower low price made for every higher highs in RSI Velocity of the crash is getting steeper by the day! 77 degrees Price is close to the 2003 support lows. Take your time in building a position gradually over time, as I'd still want to wait for the final indication to go all-in for a confirmation of a reversal. Keep a look-out for the dollar-normalized volume indicator (price X volume). This indicates the general interest in the stock regardless of price level, as a higher price leads to less stock being traded. Take-profit level is set at 0.236 fib retracement level, or the falling trendline since 2008 peak relative to the start of oil crash. >> Be prepared for the price to hit $11, the IPO level. I'd advise not to risk over 10% of your portfolio, although there's a low probability of it happening but it is still possible. Good luck! And stay objective, don't let your bias dictate your positions. I trade technically, fundamentals do not matter much to me as they often lag behind what's already happening. Human sentiment dictates the price more.
DLong
by LastBattle
1