Bullish Case: DNOW's recent hefty gains are fueled by robust demand in the oilfield services sector, driven by increasing oil prices and heightened technological integration, positioning the stock for future growth.


Bearish Case: Mean reversion patterns and increased volatility suggest potential downside, exacerbated by operational risks and economic uncertainties potentially deflating recent gains.


Potential Outcomes:

1. Continued demand for oilfield services (55%).

2. Market regression causing revaluation (30%).

3. Unexpected external macroeconomic shocks (15%).


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April 18, 2024


NOW Forecast

DNOW        NOW
Price Forecast: NEUTRAL    Price Action: MEAN REVERTING (?)










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