Dear Paul: Same old sh--. More debt, less cash on hand, non existent fluid margins, out of control overhead, no identity and same old BS from You on CC. Now you have a quack ruining fluids that has no oilfield business experience. It's all on you- you have decimated and RUINED a once successful drilling fluids business with a bunch of A-- kissing yes men. We still see NO forecast of profitability in fluids while now losing market share due to your right sizing of the wrong people. WHY DONT YOU RIGHT SIZE STARTING AT THE TOP? Probably too simple and logical for you and all your good ole boys to comprehend. All of YOUR bad decisions have finally caught up to you. Nobody to bail you out this time. What is Phils profitability in fluids the past 3 years? We all know, more excuses. Keep hiring snakes and see what happens to what little morale you have left.
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Yes it is, Hope it take care of small thing’s like this land😄😄😄😄Right.
OT --Got to remember your boy ph has important things to take care of. Like the Carlton Woods lot he bought for about $ 800K nearly four years ago and presently valued on the appraisal record for $515K and this after trying to sell it two times with no results. It's amazing how those property taxes and maintenance fees keep right on going (and one is no longer able, starting in 2018, to write them off.). Costing about $13-14K a year to drive over and look at it. Probably quivers when he thinks of additional cost for the lot clearing for a home . Kind of like Fourchon deal. BUY HIGH- sell low Oh, But I forget- it is Bonus time next month.
You just showed your stupidity.
You must work for the Houston Sales Team.
Give away products to get market share. Look as far as what's happened in WT.
Keep a smile on your face. 🤑
If that’s what it take cumb’s well we’ll take it as long as it keep’s the door’s open right.
So let's get one thing straight here.
The international market in drilling fluids is in Hal and SB court. They let NP have a few crumbs from time to time, that they don't won't. You only have to Look as far as the total dibiocal in South America.
There are two Canadian mud companies kicking the crap out of NP in the USA.
Keep a smile on your face😄
WOW! I am speechless. NR announced ANOTHER miserable quarter led by the disfunctional drilling fluids group. Can you say HUGE FAILURE? Maybe just maybe you need to admit you have failed miserably with your pathetic decision to put PV in charge of fluids. Let's see, NP in sitting in 4th or 5th place in market share in the Permian, same in Mid Con, don't even ask about the NE and Gulf is s---ing hind Tit even worse. Sales down, margins in the tank, market share lacking, corporate overhead out of control and a bunch of young know it alls in charge of the continued demise of NP. Meanwhile, several mud companies are coming off their best quarter since 2014.
Paulie just admit it-you completely screwed any chance of us returning to our former glory with your hiring of PV and his abysmal oilfield sales track record. The "right sizing" and termination of key employees was and is a complete failure. The facts and numbers speak for themselves, not to mention the insanity involved with the unethical no rehire policies of BS and PV.
Your management skills and performance are in line with some of the worst companies in the patch - Weatherford, Basic Energy, Chesapeake and Sandridge just to name a few. TOTALLY PATHETIC!!!
Rig count up 29 in U.S. for the week ( 975 Total). Oil at $58.85. Down over $7 in 2 weeks. U.S. oil production on continual rise. Going to get interesting again.
Where do you start. How about the $22 MILLION CASH going out the door to settle the Ecoserv lawsuit for the NESI sale in 2014. Another example of H's and P's complete ignorance of competent business practice and the oilfield in particular. Say it Real Slow Twenty Two Million Dollars. GONE. Can't wait to see that Cash position they like to brag about come 3-31-2017. Now the cold hard facts for the Drilling fluids division which just went thru the busiest Q in the industry in the last 2 1/2 years. Revenues DOWN $4.3 Million from the previous Quarter. Total revenues for the entire company were up only 1.5% (quarter to quarter). Fluids Operating Income DOWN $500,000 from the Previous Quarter. AND Operating margin stayed exactly the SAME at the Horrible rate of apprx 4.6 % (Mats is between 28-30%) and any WELL Managed business gets a MINIMUM of 15-20%. Now , for the Good News (I'm kidding of course). CORPORATE Overhead UP nearly $400K from last quarter and UP $8 MILLION for the YEAR. Can't hardly beat those numbers. AND the NR share count is up apprx 6,300,000 shares from December 31 2016. Now we are rolling. Now lets take a look at Stockholder Equity. Hmm up from $500M to $547M OK, BUT on Deeper review - Goodwill up $23.6M and Intangible Assets up $24.M for a $47M gain. Goodwill and Intangible assets. Wonder how much $$$$ they will bring in if Sold ? Remember this quote from H for the next conference call. " With continued strengthening in commodity prices, we remain optimistic regarding the outlook for BOTH segments in 2018." While Oil has dropped from above $66 to $60 in the last 3 weeks and Natural gas is around $2.65-2.70 and it is February. Hmmm??. Bet those BONUS $$$ numbers will be GOOD though for all that Value added for Last Year. And let's not forget that $4M of total debt was added during the last year. Blow and Katy - you can take the rest of the month off.
Work , Work, Work. —-Joe Blow👍🏽👍🏽👍🏽👍🏽
Can u say “absolutely no confidence in executive leadership “?
Dow up nearly 1200 points in last 2 weeks and oil over $66 /bbl. nr at same price it was 2 weeks ago and can only do 160K shares in trading volume for the day. Absolutely No interest on part of WS in this stock.
Wow oil at 70.00👍🏽👍🏽
Well Good Morning NO opinions !! What’s up. Joe Blow
We miss U just like U miss us, hated to loose U but U have to understand business is business my Fellow Employee glad to no U learn a lot here stay in touch with HR might have a opening in 2018.👍🏽If the job U have don’t work out.Joe Blow.
Hey Blow! Myself and a couple of other NP’ers left a while back and now work for the competition. Getting paid more than my old NP job with half the BS from @$$holes like you. Yes we come here to watch your dumpster fire burn because at one time we actually cared about your company. Good riddance!
Blow~Are you Dumb or just delusional? Keep drinking the NP koolaid. Q4 numbers in 45 Days. Wanna make a bet?
Watch, we will help U figure it out .😎 Joe Blow
Let' see now. 4 total land rigs working in All of S. La division (drilling shallow wells). 1 (ONE) inland barge working. 16 Total rigs working offshore La- GOM. Bet that So La division with ALL those facilities is covered up with work. NR with no fracking company or alliance trying to compete against HAL and SLB, with WFT gone, on horizontal work on land at any kind of a profit. Going to be a LONG year.
Joe Blow - No hating, just the facts. 😂😂😂
OK here we go again 2018 and still Hatting,STOP!!!!😎 Joe Blow
Hey guys -Getting brutal out here for the home team. Can't say anyone in the cheap seats is surprised. Busiest quarter in last 10 or so Quarters and doubt Fluids will make even $1-2M in operating income , much less in Net income. Analysts forecast is for .03 cents per share for Overall company/ or $2.6-2.7M total net income. Mats will probably make 70-75% of that number.
Trust me, The Woodlands doesn’t want to hear the truth. My friend you speak THE TRUTH.