Thread regarding Newpark Resources Inc. layoffs

CONGRATS TO PHIL

Way to go Phil! You have taken a well oiled highly respected Billion dollar money making machine and turned it into a broken, money losing, no morale POS. Must be the Oxford way of doing things. Tick, tick, tick your time is running out. You might want to start cleaning your office out early, NP is known for holding employees personal belongings.

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| 3141 views | | 26 replies (last June 4, 2016) | Reply
Post ID: @OP+Hzm8vQx

26 replies (most recent on top)

Now wait a min U think our Q2 is going to be bad .If it is worse than Q1 yes we are going to have some problem it about time for everything's to come to the top

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Post ID: @apuo+Hzm8vQx

If you think Q1 looked bad wait til Q2 numbers come out. Folks it is way bad. Rig count dropping, non existent margins on few rigs we have. We are good as gone, no digging out. It is getting worse daily. Mission Control we have a problem.

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Post ID: @aqtr+Hzm8vQx

What the Hell here we go Katy

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Post ID: @9zys+Hzm8vQx

Oxford Phil has a new friend in Katyland. He Created a position for Heinz 57 to have a single friend in H-town. All the local watering holes are now reaping the benefits. Sure glad to see him leave NE. Another one of Phils hand picked boys that has brought nothing to the table.

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Post ID: @9kuc+Hzm8vQx

Dam I wounder how U going to do that. It was a 2mil $$ co. Until U f..... It up now U think U going to turn it around with no Riggs,, OK well I will just sit here and get payed while u play your hand THANKS? KATY

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Post ID: @8mfs+Hzm8vQx

I will cut more bloody Americans. Just a bunch of overpaid, out of shape lazy dallywhackers. I need no one to tell me what to do. All you doubters will see my plan to make this a $2 billion dollar company. Simply need more Evo Revo you blokes.

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Post ID: @8jaa+Hzm8vQx

OK Phil OPIC Ots out on freeze So what's the next move U have in your hat oil going back down so that means rigs will go down also . KATY

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Post ID: @8plu+Hzm8vQx

Well U know that will never happen not from the top only way that will happen the doors have to close and then they will go to Woodland and pull the rest of NP down KATY

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Post ID: @7ixk+Hzm8vQx

You would think that at some point, layoffs would begin at the top. However, since common sense at NP is lacking, I highly doubt we will see that. Kinda like the old song "pissin in the wind". More British arrogance in the air.

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Post ID: @7ymu+Hzm8vQx

Wow looks like it's going to be another layoff Joe Blow

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Post ID: @7yqp+Hzm8vQx

OH I guess we can watch the oil go up and down and and Riggs lying down KATY

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Post ID: @7sxx+Hzm8vQx

Well said so I wounder when this horse is going to fall I agree why are we still sitting in a 40mil $$ building with nothing to do

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Post ID: @7hjr+Hzm8vQx

Truer words have never been spoken. Howes, Smith and Vollands have never sold a sack of mud. I highly doubt they have knowledge of how to program a well. All they know is Evolution blah, blah, blah. You reap what you sow. Howes is finally seeing just how mis-informed he is. However, Howes had his chance to step up and build 1 building to house the entire Newpark organization which would have saved millions. But nooooooo, he wanted his glass palace in the Woodlands-separate from the working class peions. Now you have a $40 mil building in Katy that isn't half occupied while corp op-ex is outta control. Still spending huge $$$ for deep water Gulf which is 5 years from any kind of turnaround if ever. NP is going down like a Turd in a toilet. Nothing more than a prolonged going out of business sale. The board has to be looking for any potential buyer while NR stockholders continue to get shafted. Come to think of it, Paul Howes already run 1 company into the ground.

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Post ID: @6vhs+Hzm8vQx

I wounder WHY

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Post ID: @6crw+Hzm8vQx

Fortunately, as a result of this market, there is some outstanding leadership talent available. I've seen first hand the type of individuals who could turn Newpark around. The distinction between your current leadership and the folks I mention is relationship. Some fine young folks want to make a difference and tell us how they can while sitting in front of my drilling engineers or my Company men. We haven't had any Scottish or British callers.

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Post ID: @5htv+Hzm8vQx

URight so hopeful They with this change it will keep our head above the water if not then doom unless a have a rabbit to pull out of they. A..... Hat things don't look good Katy

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Post ID: @5uis+Hzm8vQx

The best way to screw up a mud company is to hire someone to run a mud company that knows absolutely nothing about the mud business. Happened many times since the 70's boom.

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Post ID: @5bzc+Hzm8vQx

Well as I sit here looking over the years with NP there should have been some changes years ago but that's how it always been with those mom and CO. Get too big lose control on what's going on Phil yea he need too go. Also their some other need to be kick down the road also Changes need to be made before the storm will move out KATY

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Post ID: @5onb+Hzm8vQx

It is really sad to see what has happened and is currently happening at NDF. Phil has singled out nearly all the contributors who made NDF successful and cut them loose. He clearly has a problem with anyone he views as a threat so he gets rid of them. The few that Phil has hired, have done poorly. He has continued to make wrong decision compounded by more wrong decisions. At some point Howes has to man up and admit his mistake in hiring Phil. Until then, we - the stockholders continue to suffer. Simply a clusterf**k.

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Post ID: @3emh+Hzm8vQx

Like I said I don't see that happening Joe Blow

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Post ID: @2khp+Hzm8vQx

With Magoo gone what is the Pillsbury Dough Boy and all the Fort Worth cronies gonna do up in Okieland??? Everyone knows Magoo was their sponsor. Keep giving it away and losing $$$ selling $40 OBM. Just a going out of business sale. Howes needs to pull his head out and clean house starting with Phil. Paul-Cowboy up and grow you a pair.

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Post ID: @2bpo+Hzm8vQx

For what I see bye bye Katy I see them headed out of here to much over head Phils don't have enough scene to down size office space Bye Bye Katy says NP what y'all think Joe Blow

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Post ID: @1rnw+Hzm8vQx

Well I just going to sit back and wait on his hand Phils Katy

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Post ID: @1uys+Hzm8vQx

Changes are no more than a bandaid on a blowout. No more Evolution revolution amigos

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Post ID: @1hxa+Hzm8vQx

I wounder what good is that going to do if that plan fails what's next Katy

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Post ID: @1bgp+Hzm8vQx

Moogie is gone and there is a change of BU managers in Sourh Texas, East Texas and NE?

What????????

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Post ID: @1ipe+Hzm8vQx

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