Fluids q3 snapshot: $24.2 m LOSS, -14.3% margins. Cash on hand: substantially lower, current debt: substantially higher. Just when you think it can’t get any worse, it really does. You functional illiterates need a business class on how to run a... — read more
From $9.60 to $2.52 in 5 years
Say no more. Outstanding job by NR execs running this stock straight into the cr----r. Enjoy those options boys! Maybe, just maybe, all those high salaried employees aren’t nearly as valuable as they think. Poor performance = poor employee... — read more
Newpark stock
Down 66% in 5 years. Down 34% in past 90 days. Accomplishing this while in a up cycle. Impressive results🤣🤣🤣
Q2 2022 Financials/CC
Simply laughable. 0 analysts with questions. A long term going out of business sale! Every officer of the company should be fired today. Every manager and salesman that has not been consistently turning 50% margins or greater, should be sh-t... — read more
Q2
Are we expecting any surprises ?
Deep well
Just heard David left Newpark. Wonder if he will be able to take work and talent.
Most of the talent is already gone
Most of the people I enjoyed working with left here a long time ago. Those were the people from whom something new could be learned every day because they were top experts. However there are still very capable and knowledgeable people here, but... — read more
More of the same
Q4 financials out this afternoon. Fluids with a profit of $900k on an underwhelming .7 margin! But this is without corporate overhead of $26m. And read further down folks, $4.3m sales of property, equipment and assets contribute as well. Not to... — read more
The Night Before Christmas
Twas the night before Christmas, And all thru Howes house Not even a sound More Lost money just blowing around Come Paterson, come Vollands Come Armand, come all Howes will say your the ones That really dropped the ball As we all predicted The... — read more
Fluids abysmal performance since 2015
Here is all you need to know about Fluids (from Newpark financials): $86.7m LOSS. -14.9% margins $43.6m LOSS. -11.0% margins $27.5m profit. 4.5% margins $40.3m profit. 5.6% margins $3.8m profit. 0.6%... — read more
I once heard a wiseman say
That all the management at Newpark in Houston didn’t collectively have half a brain. Brash statement at the time, he didn’t mince his words. Truer words never spoken!
What a legacy!
Continued quarterly losses with negative margins. By almost all metrics, failure at all levels. PH’s decision to “get younger” is the gift that keeps on giving! Enjoy this options boys! Fluids is the laughing stock of the patch.
Nice use of company money
5 spots in Oklahoma City Oilmens Golf filled by NP employees last week. Wouldn’t it be wise to use that for customers? More insanity, couldn’t script it any better🤣🤣🤣
Newpark shares down 77% past 3 years
Enjoy those options boys.....
How many mud companies have started up
With ex NP people? I know of at least 3.
More layoffs
When, where, and how many?
Donkey BBQ Q3
$24m q3 loss for NP. Fluids contributes $19m loss with NEGATIVE 28% margins. But, but, but - we have increased market share. Amazing marketing plan NOT. Give it away and play the blame game on Hurricane season. PH AINT gotta clue.
Can you say Donkey BBQ?
Atrocious q2 earnings report.
Rig count 258
Down 5
Rig count 263
Down 2
Rig count 266
Down 13. Not good for any service company
Rig count 279
Down 5
Rig Count 284
Down 17. How low she go? I say rig count bottoms out in June at 250-275. Slim pickings for sure. Q2 numbers will be ugly folks. Reactive vs proactive management takes too long to adjust to market. What happened to all the “we can differentiate... — read more
Why does NPDF sell below cost?
That ain’t gonna stop the bleeding in US fluids boys. Negative margins are negative margins no matter how you slice it...
Rig count 374
Down 34
12.1m loss Q1
3m loss in fluids. I called it about a month ago. Too much fat on this Hawg
Rig Count 408
Down 57. Going to 250 folks...
Rig count 465
Down 64. Looking like 250 to bottom out
Rig count 529
Next stop 400. Cowboy up, this ain’t no 8 second ride
Newpark’s financial situation
Paulie claims NP is in excellent financial shape, consider the REAL facts: Newpark has $160m in long term debt $85m of the $160m is due Dec 2021 - not too far off Currently $40-50m in liquid assets. It gets worse: the $40-50m currently in... — read more
Rig count 664
Down 64. Next stop 400
Newpark Furloughs
Would someone confirm this. I left in 2018. I wish you all the best and good luck as we battle through this pandemic.
CONGRATS TO THE EXECUTIVE TEAM...
for bringing down NR stock to a penny stock. We can blame it on the coronavirus and the oil/gas price wars but lets be honest, there has been a disease (lets call it the PH/PV/GP virus) at the company since 2014 and it was bound to destroy what the... — read more
PR for Newpark
From a brokerage analyst who sums up what we have ALL said the past 5 years: Some stocks are best avoided. We don't wish catastrophic capital loss on anyone. Spare a thought for those who held Newpark Resources, Inc. (NYSE:NR) for five whole years... — read more
Rig Count 722 today
Buckle your seat belt folks, she’s going to 400
Reduction in Workforce
Look out for your neighbors disappearing. If Corona doesn’t get them, maybe the RIF will. Round one is top earners. Round Two performance problems. Round three Is reserved for those that crossed GP’s path. Keep your head down and your resume fresh.
The 3 stages of Newpark
Stage 1: 2000-2014. The builders. Those who built the company Stage 2: 2014-2020. The PV Millenials. Those who rode it straight into the ground Stage 3: 2020- . The fools. Those who stayed and watched it sold for pennies on the dollar — read more
Lack of confidence in NP leadership
Dow up 1,100 points, NP down 18%. Many oil stocks up