You can't borrow your way out of debt? Never has worked.....
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Man U been saying NP Katy door's will be closing for how long, U sound like a broken record . Sometime I wounder who U realy are. Joe Blow
Katy ~$8.50 today. What is your illiterate excuse today???
LOL Katy
AND David Anderson , Chairman of the Board of NR, is right behind your boy ph selling 17,000 shares today at $8.91. These are all SEC filed documents. Katy - you can't even put a sentence together with correct grammar that makes sense.
No I don't think so, a your number's or all wrong. KATY
PH sells at $9.45. Today’s price is $8.62. What does that say about the current state of Newpark? Q Maxx is about to stomp a mud hole in NP in North America in 2018.
$45M in Cash and 3.4M shares of stock out the door as of yesterday. Wonder how much new group is liking their $9 stock as of today
Analysts combined average projections for 4th Q 2017 Earnings dropped from .06 cents/share to .03 cents/share today. Guess which Div will make 80-90% of that projected .03 cents
No I do not, So what U tell me?
ph sells 41950 shares today for $9.45. Desperate for cash or sells this at high point to exit this you know what ?
Obviously “brilliant” has a different meaning at Oxford than at the Oilfield school of hard knocks. Come to think of it, “margin and profit” must have a different meaning at Oxford also eh!!!
Some people wouldn’t know mud if it was in a lab cup sitting directly in front of them eh.
Along with that “brilliant” marketing plan that has produced non existent margins in fluids.
Make that a $40M (not $30M) upgrade at Fourchon per the latest 10Q.
SLB made $545M total net income in the the 3rd QUARTER of 2017 alone which equals the total sales for NR for the 1st NINE Months of 2017.
The point . Let's see now. Apprx $543M in Total sales for 1st nine months of 2017 and a TOTAL NET INCOME of $3.4M. Wow!. Those less than 5% margins in fluids are REALLY impressive. How much you think of that $3.4 M is actually attributable to Fluids division vs Mats. And the stock has fallen 14% since the 1st week on October while Oil and the S&P are near yearly highs. This is AFTER Losing $40M in 2016 and $90M in 2015. All the while they are PAYING PH a $203K bonus in 2016 and a $105K bonus in 2015. Stockholder equity at end of 2014 $624M and NOW $521M. Is this the right direction?. NR stock trading at apprx 50-55 PE ratio based on yearly earnings of .15-16 cents per share. How long can this continue? Not sure what the BOD is thinking but it must be Awe inspiring. Fourchon main activity just "pump and dump" low margin barite- gel- water mud in 3rd Q. Will be light $43M in cash and stock dilution for the upcoming mat ,etc purchase come end of November. Wonder what new Mats group thinks of NR stock performance in last 30 days or so since they will be happy owners of several M shares.. Does anyone in their right mind think a Deepwater GOM operator (aka MAJOR /BIG oil company) is going to use a drilling fluids company with barely a $500M market cap , after Macondo, when SLB, HAL, and BHI/GE are available in a SLOW marketplace. That DM/VP Ops might want to start updating his resume at the same time. Wonder if WSG racing team comes with purchase? The beat goes on. Go Astros.
CC was uninspiring. All the focus on mats business, business model for mud is flat at best. $4m gross $$$ in GOM after a $30 m upgrade, looks like a 30 year payout. No Kronos on 1 complete well-where’s the sales/tech expertise? Debt up sharply and greatly reduced cash on hand. Recipe for disaster
OK, What's your point?😜
Wall Street seems impressed by third quarter results. Down 6% in after hours trading. Operating margin in fluids still less than 5%. Just glanced quickly but Corporate overhead looks apprx $2M more than same quarter of 2016. More things change, more they stay the same. Per share income up a whole .01 cent per share from .02 cents last Q to .03 cents per share this Q.