With Q3 coming to a close will they survive much longer? Have not heard any new news on the OneStim closing, however we know they are going to be hit with a 30M charge this month to close out the SEC fine from the tax issues (resolved this time last year). With overall debt increasing will any cash infusion be enough to save them?
Look over other post and it would appear their Production Automation group is in jeopardy owing to poor planning and management changes there. Completions seems to be twisting awaiting the JV. Dumb iron is a positive, so long as people don't get hurt (they seem to be doing good in the HSE part and ensuring folks are making it home to their families each night). International activists seem to have some issues with management, which may spread as several from the MEA team are coming into corp management and bringing their bad habits.
Don't see how Mark is going to be able to correct all the issues. Believe the best he might be able to do is manage the separation and sale of the different parts of this animal to get some vale for the stock holders.
Good luck Mark.