I have it on good authority that Negotiations are well underway for CaPs. Schlumberger have pulled out leaving The Wang Ho oilfield equipment reverse engineering and port-a-potty supply company (incorporating the Wang Ho artificial mustache emporium) and Dollartree as main bidders. Sums of around 3,000 United States dollars are already being considered but only if NOV keeps all the senior management.
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Turning a profit doesn’t mean creating value! CAPS Operating Profit of 6.9% is below the cost of capital for NOV (8.51%) so that means they DESTROYED value this quarter... but go ahead, bury your heads in the sand and keep thinking all is hunkydory.
Because they are i***ts and look for short term game, any more silly questions ?
Well CAPS turned a positive operating profit for Q2 and had the smallest drop off in revenue. Why would NOV sell it?
NOV are approaching competitors asking if they want to buy, desperate times
Fake news ??? Do you really think so ??
WANG HO Articificial mustache company - FAKE ???? Never it’s all genuine DOH !
fake news
Friggin id–ts!
3k for CAPS group? Jeeze even Oxy knows better than to pay that much.