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Grant Prideco

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  1. National Oilwell Varco Reports Solid Second Quarter; Completes Six Acquisitions


    Thu, 26 Jul 2012

    past few years, with debt/capital below 10% since 2008. The firm also rapidly repaid the debt incurred with the Grant Prideco acquisition within a year. That said, we do think National Oilwell Varco has been underleveraged for the past few

  2. National Oilwell Varco's Economic Moat Is Now Wide


    Thu, 1 Sep 2011

    rig stores on rigs, consistent acquisition activity that extends the firm's product line into new niches (APL, Grant Prideco ), and the complete integration of all its rig equipment into a single operating system, which should boost rig performance

  3. New Credit Rating: National Oilwell Varco


    Fri, 20 Aug 2010

    carry a more pristine balance sheet, as it quickly repaid more than $2 billion in debt related to the acquisition of Grant Prideco in 2008 in a little less than a year. While the company paid out a special one-time dividend of $417 million last

  4. First Impression of National Oilwell Varco's 3Q


    Mon, 26 Oct 2009

    IntelliServ network, a high-speed drill string telemetry system. The technology (which was originally part of the Grant Prideco acquisition) offers real-time monitoring of the drill string conditions at about 56 kilobits per second. This is

  5. National Oilwell Varco's Rig Dominance Intact


    Fri, 1 Aug 2008

    value estimate. There are several short-term trends we'd like to highlight. First, the initial integration of Grant Prideco appears to be progressing smoothly, although it could take a few more quarters for the two firms to fully mesh, in

  6. National Oilwell Varco Reports 2Q


    Tue, 29 Jul 2008

    billion, up 39% over last year. Operating profit was $692 million, also up 39%. If we adjust for the effect of the Grant Prideco acquisition completed during the quarter, revenue was up 21% from the previous year. The company obtained another

  7. National Oilwell Reports 1Q Results


    Wed, 30 Apr 2008

    continue for some time, given the ancient global rig fleet. Further, the company recently closed its acquisition of Grant Prideco . We had anticipated robust results, and consequently, we are leaving our fair value estimate unchanged.

  8. Grant Prideco Sale Approved


    Mon, 21 Apr 2008

    Grant Prideco GRP shareholders approved the sale of ..... Oilwell to complete its acquisition of Grant Prideco for $2.93 billion in cash and 56 ..... Oilwell stock issued for the purchase. Grant Prideco shareholders will receive $23.30 in

  9. Rowan Explores Options for LTI


    Mon, 31 Mar 2008

    one of the more logical acquirers of LeTourneau, National Oilwell Varco, may be too busy digesting its purchase of Grant Prideco GRP to consider another large purchase so soon. If the firm sells LTI, the company can focus solely on its drilling

  10. National Oilwell, Grant Prideco to Merge


    Mon, 17 Dec 2007

    National Oilwell Varco NOV and Grant Prideco GRP announced an agreement to ..... all of the outstanding shares of Grant Prideco for $23.20 in cash and 0 ..... National Oilwell Varco per share of Grant Prideco . The agreement was approved by

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