RE: TID: Next target for Varco (NOV) ? As much as I wish NOV was looking at Tuscany, it won't happen . They are more on the manufacturing and supply side of things . I don't believe they have any drilling rig operations other then building them and supplying parts . The bottom line here is the numbers need to improve . Utilization , debt , and profits . A lot of the smaller service companys are dealing with the same issues as Tuscany and it is going to take time to get past them . There is oversupply in many service areas and the customer currently has the advantage in negotiating pirces . I have been a holder since the initial offering and have averaged down several times . Mr.Dawson knows what he is doing and will work through the issues . It is going to take time and patience is key here . Long term this stock will easily trade over a $1.50 again .
PD