NOV invested $23 million in RKN, as of right now those shares are worth approximately $29.7 million. Not to mention the potential $10 - $20 million dividend coming our way.
From memory, NOV has already been recieving dividends from RKN with a value of approximately $600k.
This has been a brilliant investment for NOV. Not only have we capitalised on a business partnership with RKN, but now have a large cash flow behind us.
Crazy to look at the above numbers and then realise NOV market cap is currently only $67 million. We arnt even discussing ongoing revenue and other assets.
NOV Price at posting:
21.5¢ Sentiment: Buy Disclosure: Held
