NOV
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5.00% 5.7¢ novatti group limited

NOV’s ChinaPayments will be worth next to nothing if/ when Biden...

  1. JCoure
    34,414 Posts.
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    06/03/22
    17:07
    Post #: 60015472
    NOV’s ChinaPayments will be worth next to nothing if/ when Biden and Blinken carry through with their threats?

    I’d give it a week, of course not just the threats that Biden made towards India, but all the Beijing controlled territories behaving sanctions imposed on them, that is not going to be good for ChinaPayments and by association, NOV.

    Visa and MasterCard had to shut off Russia overnight. India, Beijing controlled territories and Pakistan look like they are next? Not great for ChinaPayments?
    NOV Price at posting: 22.5¢ Sentiment: Sell Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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