Thread regarding Superior Energy Services Inc. layoffs

Anyone seen the Barclays report on this company? It's not good.

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Superior Energy downgraded at Barclays on heightened credit risk

May. 20, 2019 11:43 AM ETSuperior Energy Services, Inc. (SPN)By: Carl Surran, SA News Editor3 Comments

Superior Energy Services (SPN -3.2%) sinks to a 52-week low after Barclays downgrades shares to Underweight from Equal Weight and slashes its price target to $2 from $5.

Credit markets are concerned that SPN cannot generate enough cash in the face of $800M of 2021 maturities, according to Barclays analyst David Anderson, who also says the company has a "vast" product offering but "none that particularly stand out."

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