So heard a rumor about NOV acquiring Dril Quip. Really don't know how much faith I put in that as it was one of those "I got a buddy" type and it was from the Dril Quip side of things. So understanding that, it did get me thinking. I was wondering what the advantage would be for NOV. Before their Technip merger, FMC made a lot of sense for NOV, but were priced too high, at least in terms of NOV getting value. In this case, I assume it would be primarily for Dril Quip's production equipment and wellhead offerings. How big of a market share does Dril Quip have on that side of things?
Anyway, just curious on people's general thoughts on if those two companies merging made much sense.
Anyway, just curious on people's general thoughts on if those two companies merging made much sense.