For the dismal Q2 numbers? Get ready, it’s coming straight at you....
30 replies (most recent on top)
- 65 and dropping....
ZERO since 2006.
Down she goes to 6.67. WS has NP pegged, no one currently at NP has EVER done squat to make dinero. Paulie riding the past....
Name 1 thing Paulie has EVER done to make NP profitable.
At market close today -Dow up about 250 Points. Oil up over $1 per barrel. At close, nr Down 11 cents per share . Only oil related stock /supplier on my screen today that is down today... Is WS, finally, figuring this stock out?
99% of oil service stocks and oil company stocks up today at present. nr down 3 cents
nr Net Income $32 M in 2018, AFTER 3 Straight Years of Losses. Net Income in First 2 Quarters of 2019 $5.5. Bring on the bonuses for the big guys. At estimated $.08 /share (by analysts) for Each of next 2 Quarters (IF they make it) . That is apprx $15M Income for Last Two Quarters. Total Estimated Net Income for 2019 would therefore be apprx $20-21M for 2019 OR $11M LESS THAN 2018. Probably about 90-95% of Net Income from mats div.
Halliburton Stock at $18 Five year High for HAL stock $68 Oil at $54 and falling Rig count in US going under 900 by end of Sept Dow presently down over 700 points today. Bring on the Culture and non-performers.
Wrong . What nr really needs is more Culture ( the magic cure all word) the favorite word used by resident id–ts like pv . How did that work out for them.? Culture? BS The bod of this company and top mgnt is simply beyond belief. But what would you expect from people with Zero previous oilfield service experience. Whose only desire seems to be to see how much more restricted stock can be approved and issued to the higher ups?
So obviously what needs to be done is to hire more managers and lay off more operational guys, the old tried and tested formula that has made Newpark the laughing stock of the the patch?
ph Lot Still For Sale in Carlton Woods after 455 DAYS on Market ( nearly 15 Months) and prime selling season over in 2-3 weeks. Sales price asking at $750K - Down from opening price of $900K. BUT those Real Estate Property Taxes and Maintenance fees STILL KEEP rolling in at apprx $15K per year. For a Lot of trees and dirt with roads on three sides of the Lot. Probably be LUCKY to sell it for $600K and paid $800K or so appx 4- 5 years ago. At $600K—he losses apprx $200K plus commission and fees of $40K plus property taxes and maintenance fees $60-65K over years of ownership. So overall about $300K LOSS. It is assessed on recent Property Tax rolls for $515K Nor did i Mention the 2 former APC buildings in the Woodlands area will probably have to find new owners and tenants after OXY deal
Not to mention the growth in debt over the past 4 years....
Robbing Peter to pay Paulie!!!!!!
7% margin is a joke! You should make that off drayage if you know what you are doing. With an anticipated 100 more rigs going to the grass, what’s NP going to do?
Pretty sad to see Mats carrying the company.
since when does nr even Have any Sensitive Information to Leak?
Since when is 7% Margin in drilling fluids considered a Good margin or performance? That will probably barely Corporate Overhead and Interest attributable to fluids. Check back with us when they get to 14-15%. Mats is consistently over 20%
This board quieted down once leadership reported good performance. Hopefully they whacked the mole who has been leaking sensitive information.
You gotta just love it. The RJ analyst , on the conference call, Congratulating them on the 7% margin in fluids division.
Your correct.
The ADF team that made all the money is not working for NP anymore.
All gone due to NP culture and PV.
Have fun s—ing eggs.
- Stockholder equity down down $3.5 M since December 2018. 2. Q ended 6-2019 for NR - Sales apprx 80% Mud 20% Mats 3. Current Quarter 6-2019 total nr (sales) revenues down $20M from year earlier Q. 4. Total nr Operating Income for 6-2019 Q Down over $8M from Year earlier Q. 5. Margin for Mud this Q 7% vs 7% for year earlier 2nd Q (no improvement). 6. Corporate OVERHEAD UP $1.5M in 6-2019 Q from year earlier Q. 7. Net Income for nr down from .12 cents/share in 6-2018 Q to .05 cents /share for 6-2019 Q (Total Down $6.5M). 8. Mats Margin this Q 21% vs Mud at 7%. NR Total Operating Income for 6 months 2019 Down $16M from first 6 months 2018.
please do
ADF is such a great company is exactly what NP is #5 in the Permian market share. ADF’s success was due to one thing: $$$. Just look at the EOG OBM lack of EOW credits. Shall I say more?
It’s funny you talk about ADF as if they were something special — we continue to lose work on a daily basis because of the management that’s leftover from ADF — multiple large operators will not do work with NDF because of ADF management still in place. NDF’s management is entirely too bloated and run by people with 0 operational experience — neither are best case scenarios for NDF — if NDF doesn’t get their spending problem under control, there won’t be an NDF left in 5 years — can’t run a company when you have some trying to run it like BH, others trying to run it like MI, others trying to run it like HAL and the rest trying to run it like ADF. NDF needs to pick 1 way and go with it; too many damn chiefs with no experience and too many Indians not actually making sales —
Bet Upper Mgnt wishes now that they had listened to people saying that getting Big Time in the Liquid Oil base mud business would be a disaster waiting to happen. Instead of renting it and let someone one else handle the problems.... Hugh Inventory and Warehouse maintenance Cost, Very LOW to No margin to be made on the Base Liquid Product , Not needing to Build a Facility to Blend the OBM conditioning chemicals ( A WHOLE STORY IN AND OF ITSELF) , Arguments about condition of the Obm with Operator, Big Liability for ANY AND ALL Spills, Warehousing (storage) and Transportation costs and having to line up the trucking yourself, where to Store all the Oil base mud during slowdown and mystery oil mud liquid inventory somehow disappearing and On and On. Rig COUNT goes down another 75-100 Rigs there will be OBM EVERYWHERE. Pretty sure its already a big problem. NG at $2.12. One wonders how long Haynesville/ET can continue.
nr down to $6.73 with Oil and DOW both up today. Wednesday stock price should be interesting.
Hey , the discussion was about 7-9 people carrying Most of the Load , NOT 50 NP managers. That is the entire Point- apprx 40 or so of the 50 managers (people) you mentioned carried next to Nothing while there.
Unfortunately, NONE of the 7-9 are currently at Newpark. Think about that, ALL of the moneymakers are gone. There is your past 4 year business plan folks!
Unfortunately your analysis is spot on. Wednesday should lead to a day of reckoning , one would think. But this has gone on because of the total inadequacy of the bod. Take gw, who just recently retired from board. He came from WFT, see where they are now. They will spout the usual company line and look to mats div for any income. Name One person on the board who has any oilfield experience on the service side related to the commodity service business model. And ph had NEVER worked in the oil field or oilfield services before coming to nr. And especially one who worked at a medium tier service company and not one of the three majors. ph and gp and bs sat back and let 7-9 guys carry the load for 7 or so years, and made these 3 look good, till say mid 2015 and then this group Had Had enough from Seeing and Watching pv and spooled it up. And then the wheels started coming off. The pv (who also worked at WFT) reign was Nothing Short of an Unmitigated Disaster. And it WENT ON for APPRX FOUR YEARS. Anyone with a simple brain and knowledge of the oilfield Sat Back , Laughed and Watched it. ph and bs DO get 100% of the credit on this- He was their pick- no If, ands or buts about it.. BUT, as in the past, Nothing will change. bs gets a great retirement deal and ph has got his sack full. All complements of the bod. And not to forget , their hiring of a River Oaks lawyer who's former employer was Bristow Corp which is in Chapter 11. It just gets better and better
The harsh reality is for a long time many of us have repeatedly said PH didn’t know what he was doing and he clearly rode coattails to make him look better and earn millions $$$ in the process. Once PB retired, the train started coming off the track. The irony of this is there were succession plans in place BUT PH and BS refused to follow those. In doing so they mortgaged there future on an unqualified id–t that didn’t know mud from milk. Five years later, rinse and repeat. What is the definition of insanity? Doing the same thing over and expecting different results. The bottom line is PH, GP and the ENTIRE executive management is totally inept, current and future financials will back my opinion.
US rig count now 946 (7-26). Only Question is will it stay above 900 thru December 2019. Count 1080 rigs in Dec 2018
Land rig companies reporting today are looking for a 4-7% drop in rig count between now and end of year.