How Strong Is National Oilwell Varco's Cash Armor?

Houston-based international oilfield services company National Oilwell Varco (NYSE: NOV) has been playing defense with its cash position since 2016's dividend cut. While most of its customers are slashing capital spending for 2020, the cash position NOV has built up will likely help make it through these cuts. That said, investors will still want to pay attention to several key factors.

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NOV is perhaps the most integral part of upstream oilfield equipment sales and leasing. NOV manufactures, sells, and leases drilling and hydraulic fracturing equipment wordwide to most exploration and production firms, and to companies that service those firms. The company's market position is enviable to any equipment manufacturer out there.

Source Fool.com