Orange with a yellow stripe down the back
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nr closes @ $6.40 Down another .08 cents at the Close. But hits intraday 52 Week LOW of $6.29 cents during the trading day. But New President got his 100,000 Free Shares issued yesterday, no problem. Out of touch OFS Top EXEC's probably already counting their Bonus for Next Year. 7-30 should be interesting Peddle to the Metal or Layoffs? More and more articles every week about Oilfield Service Cos that are Top Heavy with Overpaid/Non-Performer Give Away Personnel and ALL Around Wrong Sized Companies for the predicted Market for next 12-18 Months. Know any company that fits this Profile?
New El Presidente is in for a rude awakening. Watch and see. Big target on his back.
nr $6.48 and falling
nr $6.67 and falling
Overall total stock market indexes up big time in last 15-30 days. nr stock down nearly 6% since 7-1-2019 and closes today under $7. Would estimate that apprx 95% of stock options are underwater since most of the old $3.31 stock options have been exercised. From stock price, Doesn't look like WS is buying in on New leadership alignment, at present. 7-30 ER and CC tells the story. U.S. rig count presently down nearly 100 rigs from last year after losing 5 more rigs in today's count.. Canada ,also, behind.
Don't forget he makes $50K a year more than pv made.
BS gets extra $181K to leave this month PLUS another $150K in a year plus $250/hour for any consulting work. New president coming in to spend most of 1st Twelve months halfway around the world from the 2 Houston suburb offices. In his $9500/mth furnished housing, company furnished auto and $170K/Yr for incidental named expenses. Meanwhile ,on the home front, probably 5-6 days of lost revenue at GOM stockpoints due to storm in the Gulf. And it is only mid-July with likely possibility of this being repeated 1-2 more times this Quarter. Let's see now, bs gone with only ph and gp around to give new guy ( who knows nothing about drilling fluids) a top level introduction into the drilling fluids business. Is Unbelievable -- a justified comment at this point.
It appears (according to SEC filings) Mr Paterson will have to obtain a work visa to work in the US, which NR will help to achieve. For now, it’s all in Euros. Housing allowance 9,500 monthly, schooling allowance and all the perks. Can u say, Rich get richer! And the lunacy of all this is, he has NEVER made NP a single dollar...
bs leaves with a sweetheart consulting deal. check sec filings along with deal for Paterson