Exactly, WFT is what's going on with our stock price. WFT went bankrupt yesterday. Smart money is pulling away from poorly run companies with dreams of conquering the world and empty pockets.
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Still trading well above $5!
Okay I think this is officially the last post on this board that doesn't get deleted. There's a new sheriff in town!
Broke below 6.00 this morning. The MDR execs sold at about 9.00 . . . of course they knew.
‘CBI blew it at Cameron??’ Wasn’t that concrete decision the leadership of our current grand puba of NCSA? His profile says he’s an expert in construction. Thought all of Phil’s guys were gone.
Don’t think it was MC...he is an ethylene guy (not trying to defend him either). But, he was a CB&I guy they can throw in front of the train or under the bus...until they run out of them and have to sacrifice MDR lackeys or bring in new greedy losers from outside. RH didn’t know squat about Cameron or EPC either since he was a technology guy and then EVP of tanks (which CB&I actually made money on).
Lost another one. That's okay. Granite Properties will wait.
It does look like most of the stock activity is due to executive incentive compensation. It will be interesting to see the next insider stock trades update though since It only shows the last activity in April.
Wonder if RH dumped all of his shares after he was scapegoated out the door?
$20+ a year ago — $6 today.
Doubt the execs are truly buying shares with their own cash though. Unless they are shorting.
Cameron forced Chiyoda to seek a bailout, but we don't have a sugar daddy. So yeah WFT, BW, etc. If Cameron doesn't get any worse, then the execs will get rich.
It looks like most of that stock sales are to pay the taxes related to the options. The execs are building up their holdings at these prices, do they know something? I don't trust management, but I trust them to be greedy.
The project we had our hopes pinned is gone for good.
https://investors.next-decade.com/news-releases/news-release-details/nextdecade-signs-lump-sum-turnkey-epc-contracts-bechtel-543-ton
sure as f ain’t nobody in excom buying the stock. everybodies sellin it like wildfire.
https://www.reuters.com/finance/stocks/insider-trading/MDR
Thanks Dad. Who and who combined?
Middle managers looking at the skies and shrugging and pushing ahead. Sounds like the storms a coupla weeks ago.Keep them safety messages coming. Sounds like Deepwater Horizon.
Aint these guys the heroes in the MDR pantheon? Was the project really underbid? Or is that just DD's way of keeping the blame off people he needs to lean on. And shrugging and saying there's nothing he could do about it and pushing forward? Is that our culture starting at the top?
Yes CB&I really blew it on Cameron. I was in the field and rain was threatening and we had a scheduled 28,000 cubic yard concrete pour. most of us were thinking man you dont want to do do this. Just send it back cause if you pour and the rains come you are Ffffkkkttt. Well construction super says FFFKKKK it - just pour ! Damn wrong decision. We poured 28,000 cupic yards all girded with rebar and 15 minutes after the pour a huge deluge came and dropped buckets of rain. The pour was ruined and for what seemed an eternity the demo crew had jackhammers in there ripping it all out. Then they brought in these mexicans to do level labor and they ended up double cashing their paychecks. Once with their iphones and another time with the physical check at the Walmart. They lost another few milions on that one.
to Former contract welder - you got that right about the camp escorts. When they spread open they jelly boxes the stench is unimaginable. They like rotten everything from spoiled tuna to decayed eggs from the dumpster. Man um telling you the rock hard wood you got gonna disappear after a wiff of that. I never seen no Louisiana cherry pie that disgusting. If yall smart, yalll do craft work somewhere else. Managment and living conditions crazy there.
The problem is Cameron. CB&I failed to account for the location of the site on a narrow strip of land with a single two lane highway. Just getting to and from the job was a huge time drain. Plus the security situation was a huge weight on moral. You coundn't fart without someone getting p-ss-d off at you. Everyone was driven to drink heavily and the camps at site were awful. Bad water. Bad food. Nasty h--kers everywhere. D--g dealers. It was a wonder the place wasnt raided by the ATF.
I welded on the job and I can tell you it was a safety and logistical nightmare. You couldnt get the hardware needed on a timely basis while managers pounded the table. Equipment that arrived early got ruined in the rain and mud. We had to erect stuff 2 and 3 and 4 times. Pilings were poured in the wrong place and had to be redone. Some of the steel was the wrong dimensions or the lineup holes were way off. If it rained, the whole place turned onto a marshy bog you couldnt maneuver in for days at a time in some cases and they wouldnt pay us for all the lost work. In short the biggest nightmare I have ever worked in. I was like f--- me. Im leaving.
All the New York Investment bank trading desks are selling thousands of leveraged contract calls to the sheeple while buying all available counterparty leveraged contract puts. No tight stops here. I think the IB trading desks knows the play. They always do. If its commercial customers or them that will lose, it will be the commercials.
To me that indicates a huge waterfall downward perhaps into bankruptcy by late this year. My advice is if you buy calls, you better have tight stops in place. That way the worst that can happen is you get stopped out with a relatively small loss of 30% or less. Nobody believes that the stock is going up. Lots of debt. Shaky assets and God only knows what is written off the balance sheet, In short, Wall Street is once again asking you to bend over and take it where the sun does not shine.
Wall Street loves all the s---er employees that participate in the employee stock purchase plan.
Anyone else notice that DD is starting to look like Anthony Hopkins? Gray and bloated. Did the board cut his free supply of Just For Men?
Do you suppose the investment community is finally catching on that all their excuses are BS. Keep blaming CB&l but none of the legacy mdr projects are anymore successful. And where is the debt reduction by selling off piping and tanks. That’s gone very quiet. Could it be they over stated what they were worth and now can’t find a buyer who will allow them to meet their projected worth. Another “mis-statement” to Wall Street
Yep, writing is on the wall. Cameron is taking us down.