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Grant Prideco

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  1. New Morningstar Analyst Report for National Oilwell Varco Inc

    Stock Reports

    Thu, 19 Jun 2014

    the firm could take write-downs. The company took a $147 million impairment charge in mid-2009 for certain Grant Prideco -related assets.Lower levels of onshore drilling activity in late 2012 look likely to continue into 2013 as E

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

    Commentary

    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

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

    Commentary

    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

  4. New Credit Rating: National Oilwell Varco

    Commentary

    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

  5. National Oilwell Varco should benefit from strong demand for deep-water rigs.

    Stock Reports

    Tue, 3 Nov 2009

    land rigs have similar age profiles. These ancient rigs present lucrative upgrading opportunities for the company. Grant Prideco has added valuable assets to National Oilwell. Management has estimated that it controls 40% of the worldwide drill

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

    Commentary

    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

  7. National Oilwell Varco's Rig Dominance Intact

    Commentary

    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

  8. National Oilwell Varco Reports 2Q

    Commentary

    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

  9. National Oilwell Reports 1Q Results

    Commentary

    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.

  10. Grant Prideco Sale Approved

    Commentary

    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

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