Any opinions?
Sete Brasil Goes Bust; Will National Oilwell's $1.8 Billion Backlog Evaporate? $NOV
http://www.seekingalpha.com/article/3967358
2 replies (most recent on top)
NOV does not want this news exposed but they cannot keep it under wraps for much longer. The truth is....this contract is dead and so is a great deal of their backlog. They will need to layoff more people I am guessing and there is a lot of dead weight in rig. The sad part is, those in rig protect each other. Look at the creation of Little Britain and Little Scotland within rig. They protect their own. Those not affiliated with these groups are in danger no matter what their talent or expertise. Look at Reid! He may have been good once but now his career is built around smooth talking and visionary concepts that will never come to fruition. I am glad to not be part of this corrupt mess anymore. If people only knew a third of what they do..........
Surprisingly this has stayed out of the lame street media.