1 Big Reason to Buy National Oilwell Varco

In the following video, Fool analysts Jim Mueller and Austin Smith discuss the biggest reasons investors should be looking at National Oilwell Varco.

National Oilwell is the picks-and-shovels company of the oil-drilling industry. It provides parts for every drilling rig in the world, Jim says. Any area of the operation you can think of, it has a hand in.

It also works with both onshore and offshore drillers, Austin says. That means it will continue to do well no matter where the drillers shift their focus.

As a bonus, National Oilwell is also a successful acquirer of its competitors, Jim says. It now owns about 60% of its market, and it's been slowly acquiring more and more of its smaller competitors, building an even more dominant position in the industry.

These aren't the only reasons to consider National Oilwell Varco. It is perhaps the safest investment in the energy sector because of that industry-leading 60% market share. This company is poised to profit in a big way; its customers are both increasing the number of new drilling rigs and updating an aging fleet of offshore rigs. To help determine whether National Oilwell is a nice fit for your portfolio, check out our premium research report with in-depth analysis on whether the company is a buy today. For instant access to this valuable investor's resource, simply click here now and claim your copy.