Somethings up they were getting the dog and pony show
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Hahaha after being involved in so many mergers and acquisitions of small companies whom NOV could acquire on the cheap, it's hi-f—ing-larious to watch the same happen to NOV. Goodbye Corporate. Don't let the door hit you in the a– on the way out.
Greengage is relatively irrelevant, it’s
History as is Gateshead. I have covert listening devices in staff offices and meeting rooms in a UK facility and I have recorded conversations between UK directors and VP in Houston about ceasing ALL manufacture in UK and moving it to Far East or Middle East (India etc)
I will share a link later where you can listen to the conversations.
Btw I have removed all listening devices so don’t bother searching for them lol
Greengate will be sold it doesnt do any oil products . And gateshead will be shut
NOV is basically bankrupt. They have no cash on hand, no cashflow.
They are at the point of doing a Joint venture, selling, or going out of business.
SLB is one of the few companies still with a lot of cash reserves.
I doubt they would buy all of NOV, but I bet they buy some product lines for cheap to end some of their competition.
SLB Is selling weir spm
I wonder if NOV is looking to buy them
why would SLB want broken NOV c-ap when they have Cameron?
Schlumberger would only acquire a business that gives them one or more of the following
1) technical superiority over the competition
2) market share
3) enhanced service offering that would make them able to offer a complete service package
As far as NOV corporate goes they won’t be needed once the company is sliced up and sold. However the correct answer is D+
In the case of NOV, corporate is?
- overhead
- a bottleneck
- a liability
- all of the above
So I wonder how this selling off of segments will impact the Corporate employees. Corporate isn't a segment that does ... well anything.
Shoot, if ol’ Napoleons interested I have about a buck an a half, a half eaten Hershey’s and 3 sticks of gum that I am willing to exchange for all of the old WISE group. Reckon I’ll need the rest of my savings (3 quarters, a dime, 10 nickels and my 1953 Playboy with Marilyn Monroe) to put it back into profitable shape. If you are interested Mr Boneparte leave a reply here or raise the Jolly Roger on your flagship, I will come alongside directly.
If fear is cultivated it will become stronger, if faith is cultivated it will achieve mastery.
It's just about possible that they'd be interested in what remains of Wellstream, or at least the former Fjords business.
Pretty sure they would be interested in some of our business segments
I agree Slb wouldn’t touch NOV as a whole company but remember Clay wants to sell off parts. Also remember Slb owns Cameron who make trees, have their own coil tubing and wireline equipment designs. I doubt Slb would want to acquire Coil or wireline but maybe some of the subsea intervention or Schaefer parts of NOV. Any NOV parts that Slb would buy would have to fit in with Cameron as Slb are not a manufacturing company.
SLB wouldn’t touch NOV with 10 ft pole. Not to mention they are not exactly in a good place either.
Towers??? There’s only one tower, dummy!!!
Names, m-f-!! If it wasn’t OLP, I don’t wanna hear it. Another MallCop-style b.s. gossip post. Get to work, ya worthless mug.