Where to Look in Oil Services
Consolidation in the oil patch has been a constant theme. It makes a ton of sense, too, given that there are so many players in the business and there's much to be made by merging.
When National Oilwell Varco (NOV) buys Robbins & Meyers (RBN), a company that has specialized in fluids management needed for drilling, we shouldn't be surprised that the acquirer's stock jumps on the news, despite paying $2.5 billion more than a 25% premium to yesterday's closing price....471 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.