Somebody stated "one stop shopping" for the oil industry

oil

No one cared for National Oilwell Varco's (NOV) quarter. But now that negative looks like a think of the past.

GROWTH

Goes with the drilling company,this company supplies parts .

National Oilwell's shares are trading around $35, down from a July 2008 high of $92.70. But they have nearly doubled since November. "The stock is, in our mind, pretty cheap," Miller says. Shareholders tend to obsess about the company's order backlog, which is a guide to future earnings. In the first quarter, National Oilwell's backlog fell to $9.6 billion, from $11.1 billion just three months earlier. The company received only $240 million of orders for new capital equipment in the latest period, down from $2.4 billion in 2008's third quarter. The stock could improve on the first indication that orders have hit bottom. That might not happen until early next year, but the wait could be worth it.

Or the oils -- since ConocoPhillips' (COP) bad report, that group's on fire. The drillers dismissed National Oilwell Varco (NOV) and took up Schlumberger's (SLB) rosy hue. They are all at breakout levels.

Energy stock

Leading products available today

only firm that manufactures every item an offshore rig needs to drill for and recover oil.

GREAT BUT OVERPRICED TODAY