Rig count 781. Stock price $5.49. So much for the “brilliant strategizing”. Welcome to the real oilfield-Scotsman. Time to start earning your $$$
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nr trading around $5.10 with oil at $54 and change and ng at $1.90 with Only about 40-45 days left of Winter. Rig count looks to keep staying right around 800 range for US. nr reports in 2 weeks with Break-even their best hope or only a small loss. Still Way Too Much Overhead (People and $$$) being carried in Corporate. Plenty of oil,ng and gasoline around and in storage. nr looks like a $4-5 stock for the next 6 months. Can't wait to see the Bonus figures for the Top 3-4 Toads in about 2-3 months based on Making a TOTAL Profit of ONLY .05-.08 cents/per share in 2019 ( and all of that by Mats and Nothing from DF). Most ALL stock options Underwater at present Price. BTW. See that ph has given up on selling Lot in Carlton Woods by pulling Listing after a Year. Got to be Drowning on that Lot Purchase.
nr @ $5.02
Oil @ $57. Pretty Close to Break Even at Best. Kuwait turning on another field that has been down for many months. PLENTY of spare Capacity to take care of Libya problem if it continues. NG @ $1.91 - Losing money deal. Winter conditions not looking favorable over next 30-45 days. 60 days till Spring. Storage of NG running way ahead of Last Year and 5 Year average with another small/mediocre draw coming later this week. With another smaller type draw predicted for next week. AND West Texas pipelines ramping up to ship Now Flared NG in 6-9 months. Going to be real interesting come Sept -Oct.
Make that $5.18 Right at Yearly Low.
$5.28 and falling. Great leadership, huh!!!
What goes around, comes around. PH can NEVER repair the damage caused SOLELY by his complete and total incompetence in surrounding himself with complete illiterate buffoons. PH, you couldn’t stand the fact that there was a complete succession plan in place (pre 2015) and with YOUR EGO, YOU completely destroyed what was previously a well tuned money making machine, starting with your id–tic pick of PV. What is sad, many could see YOUR mistake, but YOU refused to listen. Karma’s a B–ch!
BING is absolutely correct. The common denominators of failure are still in place doing the same old song and dance deflecting ownership of the lack of performance and profitability. Out of control opex growing each year in one main area, and VP positions being handed out like candy on halloween.The biggest issue is no one wants to course correct PV personnel placements and strategies or have been around long enough to realize who needs to go. You could pull a drunk of Poydras st in to run LGC and lose less money than they do now. Earnings call in Feb. will be creative I'm sure.
The new guy won’t make a difference, he is over rated and is taking to long cleaning the house. He needs to change leadership to have a chance or he will be out in a year.