You’re right. Beijing’s issues are irrelevant to NOV in Beijing’s present form/state. NOV would be better off looking to the European Union if AUstralia becomes too difficult for it commercially, regulatory and geopolitically. some parts of the EU are still lite-reg.
Costs might become an issue for NOV with the additional regulatory burden. all the rest is just how it gets there, the trash or byproducts of the commercial outcome.
NOV Chart looks terrible., page-31
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