NOV Forecast



Bearish<—>Bullish



80% Confidence




Bullish Case: Potential oil price recovery could boost NOV's demand and revenue, fueled by strategic initiatives in exploration and drilling services.




Bearish Case: High implied volatility and backwardation suggest market skepticism; regulatory pressures and flat price action persist as potential risks.




Potential Outcomes:
  • Oil Prices Rise (40%): Boost demand for NOV's services.
  • Regulatory Challenges (30%): Impair growth prospects.
  • Flat Market (30%): Continued muted sentiment and stagnant price action.



April 06, 2025


NOV Forecast

NOV        NOV











Correlated Assets

Assets that tend to move strongly with NOV



DVN Forecast + Options Trading Strategies   DVN  Devon Energy (0.93)


MUR Forecast + Options Trading Strategies   MUR  Murphy Oil (0.93)


OXY Forecast + Options Trading Strategies   OXY  Occidental Petroleum (0.92)


NTLA Forecast + Options Trading Strategies   NTLA  Intellia Therapeutics (0.91)


RCKT Forecast + Options Trading Strategies   RCKT  Rocket Pharmaceuticals (0.9)



Uncorrelated Assets

Assets with little price relationship to NOV



GRBK Forecast + Options Trading Strategies   GRBK  Green Brick (0.01)


EXAS Forecast + Options Trading Strategies   EXAS  Exact Sciences (-0.01)


IEMG Forecast + Options Trading Strategies   IEMG  BTC iShares Core MSCI Eme (0.01)


APPN Forecast + Options Trading Strategies   APPN  Appian (0.01)


APG Forecast + Options Trading Strategies   APG  APi (-0.01)



Anticorrelated Assets

Assets that tend to move strongly against NOV



VNET Forecast + Options Trading Strategies   VNET  VNET (-0.83)


GGAL Forecast + Options Trading Strategies   GGAL  Grupo Financiero Galicia (-0.84)


OUNZ Forecast + Options Trading Strategies   OUNZ  VanEck Merk Gold (-0.84)


FOXA Forecast + Options Trading Strategies   FOXA  Fox Corporation - (-0.85)


EOSE Forecast + Options Trading Strategies   EOSE  Eos Energy Enterprises (-0.86)









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