More major announcements coming soon, none of them good. Unless something happens good in the oil market NOV's death spiral is going to get faster. Good luck we're going to need it!
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Well with less that 2 weeks to go in Q2 and no meaningful new orders. Yes NOV is trouble, they are going to have another horrific earnings call. And our CEO Clay Williams and his minion CFO Jose will get on the Wall Street call and bull#$@t once again because they are the spin masters. They will tell a story no matter how bad it is and make it sound like NOV is in good shape. But the reality is Backlog will be reduced significantly, Cash will be down, product base margins will be down on reduced sales volumes, and net income....I mean another "Net loss" will be recorded again for the 9th straight month because the sales volumes are too low to support current fixed cost. But the analyst will just listen or ask easy questions because they are a bunch of pussies and are in bed with NOV management. They won't dare ask the tough questions or challenge Clay. The day of reckoning is coming.
Unfortunately that plant is the norm at NOV, the more worthless the employee as long as they can b.s. & suck anus they move up. It goes from Corporate on down to individual departments. How can such a large company be run so poorly?
Titan ran Nelson off after all he did was scrap parts. NOV after finding out the same thing made him an inspector! He hardly inspected any parts, now he's a calibrator. When he calibrates your tools you have to fix what he calibrates. A true dumbass!
Elroy works in Pampa Tx. where if you tell the truth you get ran off! So lie to keep your job, or suck Kellerman's or LaRue's ass Mike Nelson showed be incompetent at everything except sucking dick or ass He can do both at once, & never stop talking! Yada, Yada!!
I think Elroy is full of sh--! If not where is all this work located?
Nobody...
Nobody has meaningful work..
All that is going on is a little here and there crap just to try and stay busy. Some small jobs but they will be finished and thatll be it.
Oil prices need to get up and stay. Unfortunatly there is still to much oil on the market. Turn those boats around and send them back where they came from. Flood opec with their own selfishness. WTI would then rise, we would all be busier than a one legged man in an asskicking contest within a couple weeks.
I been workin 12s non stop so im safe.
Does anyone have work, we need good news!