Mallet. You probably won’t need a cushion to kneel on since it’s routine the s—ing service you offer.
I guess that’s a cost saving on your part.
Maybe, the people posting are employed by NOV and vent their frustration on boards like these. Maybe you should take that into account before commenting.
I too are holding out for the pay day of redundancy that is coming
The last oil recession we were saved purely due to a sharp intake of orders and demand for oil
This is different, and this is your daily lesson Mallet. Demand has dropped and will continue to do so. People’s routines have changed and will continue to do so. Movement with cars, trains etc will continue to decline. People are now used to shopping and working from home. Hence in simple terms (just for you) demand will fall
Oil companies have lived off the fat for too long and don’t know how to diversify into say renewable energy. Nor know how to operate a business cos they have always done the same thing. These put together is why NOV will fail.
Oil is on the decline. Full Stop.
There endeth your lesson.