Atrocious q2 earnings report.
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How do you like me Now @ 75 cents ?
More lost sale days on horizon with arrival of Zeta
Oil seems to be rangebound in the worst possible place of $38-44/bbl– no one will quit pumping (settling for break even numbers) and no one can make any money. Libya back up to 500K/bbls day and going to 800-900K/bbls day by March-April 2021. Not good for Oil bulls. 12 more days to the big Day- it's finally almost here. Will still be hard to get back to sanity with less than 300 rigs in US. Conference call could get a little interesting. nr essentially has 7-8 months to get stock price back over $1 or be delisted.
pv has a new gig. Prez of Lone Star Group. A British based company— there you have it. Got his apprx $1.2 M severance and nearly 2 year free ride since leaving nr.
The problem with PV is that he wouldn’t know mud if I poured it in his lap. Anybody with ANY common sense (as many of us did) could see through him in 15 minutes or less. With his ego and narcissistic dna, you could not tell him anything either. A poor time in the Newpark history for sure.
PH had MANY booms tp prop him up and was fortunate to have PB to keep the ship upright. PB let his managers take care of their respective BU’s thus making fluids extremely profitable. PH has NEVER respected what PB did for Newpark, thus the hiring of the village id–t PV.
BTW, who is TF? Those initials don’t ring a bell.
Needless to say, Newpark resembles the Longhorns right now. ABSOLUTELY PATHETIC!
Well, 3 weeks for ph to get his laundry list of Excuses ready when nr reports a $15M+ or so LOSS for the 3rd Quarter. Got to think long gone people like ww, hm, dp, jt ,tf ,dv, dh and others will be having a good laugh, in three weeks, after All the times , with absolutely no results, they tried to explain , and get top mgt like him ,pv and gp to understand the mud business and employ a winning plan. Talk about a futile and hopeless effort –explaining the workings of a SERVICE company to Desk Jockey Bean Counters with Little to No oilfield background. What's the old saying "What goes around, — — ." The end result– Apprx $13-14 stock Down to 85 Cents @ Present.
Norway oil strike is settled. Workers going back to work
Over 18M shares traded today with a closing price of 81 cents. Will have a near complete turnover to new stockholders by the end of next week with new stockholders in at Under $1. Wonder if your boy ph is a Buyer at this price? just kidding
Storm/ Hurricane In GOM by Tuesday/Wednesday. More lost sale days for the Q.
Try .80 per share. You might say ALL your options are upside down! Nice job PH and all the executive management team. You have officially turned this company into a “dumpster fire”....
Currently 85 cents. Next stop—Possible Delisting for failure to maintain $1/share price or possible reverse split. Hardly any fund will touch them at the under $1 price
Well, the true reason surfaces. Per the PR Newswire "Renasant (RNST) will replace Newpark Resources (NR) in the S&P Small Cap 600. Quote in the article– "Newpark Resources is no longer representative of the small-cap market space ". There you have it.
Try .938 per share. Some inspiring confidence by Wall Street! What goes around, comes around PH. You have completely hung yourself🤣🤣🤣
The Company/stock only has a $88M market cap at .97 cents/share. Maybe they can pay gp and ee another $50K Bonus each to write up another great Business Plan for 2021. Present one does not seem to be working.
nr traded over 1.4M shares before Noon today with last price at .97 cents. Dow Industrials up apprx 80-100 points ...... Most big time funds can't own shares below $1/share price
Make that closing price today a Dollar and a nickel
Going to release 3rdQ 2020 Financial results on 11-3-2020 (Election Day). How convenient
Dow Industrial average up 460 Points today. nr down 3 cents to $1.14
Libya back up to exporting 250K bbls oil per day and going to 600K bbls per day by end of the year according to G Sachs. Goal (and quota) is to pump 1M bbls per day by start of Summer. Russia has just decided to increase production, also.
Your boy has a pending offer on the Lot in Carlton W. Paid $800 K and owned for 6 1/2 years. Taxes and Maintenance fees at least $85K for this period. Listed at $695K and Montgomery county appraisal at $515K and been trying to sell it on and off for 2-3 years. Let's just say he gets $600K ($85K over appraisal- so giving him a break i think at that price). And don't forget the 6% commission the Seller has to pay. Gets to leave with a $285K LOSS Plus the LOSS of the earning power of apprx $285K tied up for 6 1/2 years Plus the commission. Quite the business investing guru. Remind you of a $1.22 stock
$1.22 and trending downward. Let’s hear about that $2b plan again....😫😫😫
Down from $2.20 to $1.30 in last 30 days
N—ria having trouble moving (selling) its crude at going prices. Libya trying to get their production back on track and going from 80,000 bbls per day for the last 10-12 months back up to over 1M bbls per day in not to distant future. (They Need the money). Can you imagine 1M bbls per day coming on line after driving season is over ?. OPEC meeting this week.
Fourchon and Venice fixing to catch it (Sally)
DOW up over 360 Points but nr Down .07 cents and at $1.40
Been waiting for someone to comment but nothing said, So did anyone notice in the August SEC filling that ph " Volunteered " to take another 10% pay reduction as of August 12 or so on a go forward basis.? That makes 25% total reduction this year (probably should be closer to 50% total). Someone must be turning up the heat. With a $15M Quarterly loss estimate from Analyst group at Present and Quarterly sales that will be lucky to be $100M - things could Maybe be getting interesting?. There is, also, an updated Severance Package Agreement , for that position, mentioned in the same SEC filing. Also, see that of the apprx 1.2M Recent stock options given to him, 100% of the options are presently Underwater and 95% of those options are Severely Underwater. Third Q report in apprx 45 days should be interesting (within just a few days of the Election).
Play stupid games, win stupid prizes. Woodlands is FULL of STUPID
$37 oil and $1.70 share price Time for another Bonus for the Big Guys
Analysts forecasting ONLY a $14,000,000.00 LOSS for this Q which we are nearly halfway into. Not bad, when you say $14M REAL Fast. US rig count at 247 TOTAL.
Sounds like a bunch of Circus seals, trying to get that sardine.
he always was a toad– now i guess he gets to be head toad. he and the head lawyer that they hired (unemployed and still living in river oaks –when hired -where he now drives a company furnished car to work/back and forth) will make a perfect match. And ph recently paid them EACH a Special $50K bonus for their Outstanding ??? work (his words) on the recent reorg and budget planning for the go forward plan. All while nr losing Over $20M for the Q–one would think they would do Anything to Just keep their Job.
Soon there will only be lawyers left and nobody to do the work or litigate against.
Is there any department that GP does not run now. All the heads have been chopped to get to those fabulous numbers.
See where the ph Empty Lot in Carlton Woods is back up For Sale Again (apprx 3rd-4th time) . Asking price has been lowered to $695K from $900K BUT the Montgomery County Appraisal District Value is ONLY $515K. Our boy paid over $800K for it over Six Years ago. It is Not on the Water Or the Golf Course .AND he has OVER $90K in it for property taxes and maintenance fees during this 6 year period and Clock is still running on the taxes/fees every day till it is sold to another buyer.. I ask YOU- what you think are the chances of selling this lot (DIRT) going into the wintertime for $180,000 over the Appraisal Value in TODAY'S Marketplace. Possible Answers 1. None or 2. Less than NONE.
Did anyone ever say ph and gp were sane. The only people that believe that are the bod and there is obviously not a sane one there. They will not be hiring salesmen–just more give away artists.
And NP is allowing the so called US sales manager to hire new staff? Total insanity!
Get this. 1. Total Company Revenues for the Q were $102M and Cost of Revenues (Products) were $112M . A $10M LOSS BEFORE ANY Expenses (Is this GIVING the Product Away or What ?). 2. Net Loss for the Company of $26M ($26,000,000 Million Dollars in Losses for the Quarter). 3. Fluids Div had a Operating Loss (before Corporate Overhead) of $25M with a MINUS 33% Operating Margin. 4. Mats is down to a 4% Operating Margin- Down from 21% in 6-2019 Q. 5. Stockholder Equity DOWN $47 Million (in 6 Months) from 12-2019 to 6-2020. 6. Corporate Overhead ONLY Down 3% from 1st Q 2020 to 2nd Q 2020. The Big boys really helped with that 15% pay cut for themselves Which Should Have Been 50% at a Minimum. 7. Already a third of the way into the 3rd Q and ANY REASON to BELIEVE it it going to get Better? 8. What a Train Wreck.
Time to Bring on the Bonuses for Top Management, AND time to hire some MORE people at Corporate HQ. Atrocious doesn't begin to describe Earnings, and Revenues are EVEN Worse. They Can't Even Give it Away. Be ready for a Softball conference call with analysts with No Balls.