Thread regarding Newpark Resources Inc. layoffs

? For Paul

How are the negotiations with MI going?

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Post ID: @11cqaeO0

15 replies (most recent on top)

It's ugly

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Post ID: @11cqaeO0-Ands

Taking a pretty good whupping today before earnings report in a few hours with Dow up over 100 points.

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Post ID: @11cqaeO0-Azed

We are about to see how bad the bleeding is..........

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Post ID: @11cqaeO0-Avgu

US rig count down to 830 rigs. (Now down apprx 240 rigs from year ago.) Seems to be headed under 800 rigs by 1st of year. 1st Q of next year looks dismal, at best, right now. Probably nothing worse than $53-57 oil /$2.30 ng. Nobody can make any Real money but many left just can't quit. SLB and HAL openly admitting they are cutting back. nr stock took it on the chin Friday with Dow/S&P up pretty good and oil stable. ( the dump before earnings release?). Friday tells the tale. Probably only hope is in mats. p probably in back room trying to figure out to pay himself Another Big Bonus in April while having to announce more dismal results.

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Post ID: @11cqaeO0-xgtv

$6.99 earnings (or lack of ) in 2 1/2 weeks

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Post ID: @11cqaeO0-ktvq

Oil @ $51.75 Nat Gas @ $2.23 SA back to pumping 100% @11.3 M bbls per day. Dow J average down over 1000 points in last 3 days

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Post ID: @11cqaeO0-9gzw

Oil $52.70 NG $2.26

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Post ID: @11cqaeO0-8zzk

The Leader's empty lot in Carlton Woods Still for sale for $750K going into October,2019 after being on market this time for over 505 days. Next stop- apprx $14K Property Tax and maintenance bill. For Dirt. Has been an annual ongoing thing since 2014.

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Post ID: @11cqaeO0-4ybs

Lots of scuttle on the SLB site regarding NP

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Post ID: @11cqaeO0-3rfp

See where TDW Board just decided they had had enough

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Post ID: @11cqaeO0-3sgn

NG approaching $2.40 and Falling with Storage at 5 Year Average and 440B's ahead of last year number . In other words, not looking good. Oil slightly below $56 /BBL. Worst place for Oil is $53-58/BBL. No one wants to quit pumping at this price. Too Low to make any real $$$$, but high enough to make everyone want to stay in the game to essentially break even. Will have to go below $50-51 to get cos to reduce output.

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Post ID: @11cqaeO0-2dnj

What a cluster xxxx.
MI and NP.
The two worst managed mud companies in the USA, merge.
Stick a fork it, NP employees are done if this goes through.
Not since the NP and Milwhite merger, has there been such a total Jack Wagon mess.

Cheers
I’m glad I left 5 years ago.

Choa

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Post ID: @11cqaeO0-ksr

Unless SLB will finance and carry the $$$, there is virtually no chance of this happening. As a matter of fact, there is a better chance of NP bringing back the British Buffoon than NP buying MI

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Post ID: @11cqaeO0-tnk

And they can bring up the great products- Evolution and Kronos AND show them the sales figures for 2019. Because MI NEEDS another stockpoint in Fourchon, Cameron, Berwick, ICC, Venice, N LA/East TX,West Tx, Rockies ,OK., W.V/Penn and overseas,etc and Definitely more MGT and a sales force (?#@**) whatever

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Post ID: @11cqaeO0-imn

What a combination that would be – The Union of Bad and Badder- You choose which is which.

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Post ID: @11cqaeO0-qap

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