In quarterly conference calls? After all, this is public info in a publicly owned company. I know of at least 2 ongoing lawsuits. Paulie???
38 replies (most recent on top)
All I have too say is oil is up , Rigs is steady coming on and Doors still open , and my paycheck haven't bounce. Someone is doing something right. KATY 😄😄😄😄
Man I can't wait to see those doors close and a for sale sign out front . 😎😎😎😎
Wow come on I wounder why u feel that type of way about my job we have been thew some hard and yet we remain keeping the doors open ,looks like to me that keeps u wounder how in the hell we. Are still in business right . JOE Blow
Dream on fools. Dumb and dumber ain't cutting it. Totally inept management
Right but the price of oil is up to 55.00 , after the first of the year thing will change no problem with pay back thank god they have credit Right.😃😃😃😃😃
Margins in the tank. Still losing money, borrowing $$$ to make note payment. $7m expected loss for Q4. What else do you need to know?
Hello haven't heard anything lately is that a good thing or bad , I say good because oil at $52.00 😄😄😄😄 Katy
Drill baby Drill 😄😄😄😄 Katy??????
Yes up to 51.00 Katy
Yes 51.00 😃😃😃😃😃😃😃
Oil is up.Joe Blow
Yes, But have to Amit U said doors will be close ,not true .U have said checks were rubber ,Not true . Threw it all the way oil has been up& down we all still here and going to stay.Thing is come back NP doing what they have to do we will perval. KATY??????
Not to mention the +$50m spent on acquiring Alliance. Buying price was based on revenues of drilling fluids in west Texas, Barnett, midcon, ne and eagle ford Not to mention price also based on frac sand sales as well. Katy/John boy- how much frac sand has NP sold since acquiring Alliance? Ding ding ZERO. How much mud has Alliance sold outside of West Texas? Ding ding ZERO. But stupid PH made the deal based on total revenues rather than mud sales only. Another colossal blunder. Oh btw, how's Brazil and Australia working out for Newpark. Dumb, Dumber and dumb--s ain't getting it done
Hey don't forget, There is more than one way to skin a cat 😞 And NP Madson Rd nows that. Joe Blow U have to admit the doors are still open and the light are on . So get out your feeling.😒😒😒😒
Let's see now. Get out the the Super High Speed Calculator (That's a joke for all you USL and Cambridge graduates ). NR owes $160M come October 2017. Assuming NR has apprx $85M Cash on hand come end of Dec 2016. (and still losing $$$ EVERY month.) Gets $100M (assuming they get it) at a probably very non competitive interest rate/and or conversion term. $100M +$85M minus the note of $160M leaves $25M of Cash on hand and LOSING money every month. Let's wait to hear them BRAG about their anticipated ongoing CASH position come February 2017 conference call. (And NOTHING let in the Company to Sell that ANYONE wants to buy except for Pennies on the Dollar). I admit it will probably make it a little more difficult to pay bonuses and give away more stock but remember "where there is a will, there is way". For future discussion, i can't remember seeing such a vaguely described Convertible Senior Note offering. The only thing that seems to be clearly stated is end date of 6-2021 and NR cannot redeem prematurely. Thoughts? Is this a fishing expedition for interest on part of buyers?
To say that the MARKET does not like/agree with NR's new $100M offering would be an UNDERSTATEMENT. Just look at some of the terms that apply. One disaster after another at NR's shop.
Borrowing money while losing money never works. But what is more stupid is the $100m spent in last 3 yrs for Mason road, Conroe blending and Fourchon. Not to mention $25m spent on Oracle. ALL of this paid for by Newpark North America (before PV), major movers and shakers gone due to PV's inept actions and sheer stupidity, not to mention his dumb--s decision making
Hey come on why U say that where U getting your info from. What ever as long As I can keep the lights on .joe blow
Well, if you cannot earn money, you can still print it. They just wrote themselves a $100 million check. This should be good.
Will do, You think Katy
keep cashin your check Blow Katy. it won't last much longer and than yewl be screwed.
We will perval watch, One thing I can say the doors are still open I'm still getting a pay check . So as long as that keeps coming I will ride this boat out , we will overcome. Joe Blow
80-90% of the Real Producers in NR (NDF) have left in shear frustration over the last 15-6 months. That is why you are left with a boatload of A K____. Everyone of them is SO GLAD to be gone it is Really unreal. I really don't believe many of them would come back even for a 25-50% raise. It is what it is. PV could not even manage a 2 man Clown show on HIS BEST day. He is EX Weatherford ( with ZERO background in Drilling Fluids AKA PH ). Can you REALLY think of a more mismanaged company to have on your resume? OK, well maybe , one other. PH came from a wholesale chemical company in St Louis and a printer cartridge company , as my memory serves me. NO oilfield experience-Zero. How much further can you get from the oilfield? Katy - you are just a hanger on who fits right in... Oil $45 and dropping.
NP has plenty of losers for sure. Place is full of A-- kissers
Still losing money daily. Poor management = poor results. $7m loss expected Q4
What does NP and the Texas Longhorns have in common?
Nothing. The longhorn AD has the guts to fire their looser coach.,
Don't have a answer for U Joe hang in there. KATY
Wounder how long will theses doors will stay open it's a lot going on , will someone give me a positive answer . Joe Blow.
Won't stand in court. Katy
WW filed lawsuit against NDF in 4-2016. Hope he stomps a mud hole in PV's Ass
You know I have to agree with U on that one that sell off is what been keeping us up . Joe Blow
Are you sure about that , I heard different
According to Harris County court records, WW has lawsuit against NDF. Will be interesting to see how that turns out. Believe it has something to do with a non compete.
The Davida case ( and other wage hourly lawsuits) and the Ecoserv escrow money (Involving the sale of NESI) case are both pretty well discussed in the most recent 10Q (Oct31st). Is there anything else? In reality the sale of NESI for $100M about 2-3 years ago is only reason NR is still open. The current NESI lawsuit is only about apprx $8M of Escrow money. Looks to me like 6 straight quarters of losses and going for 7 this quarter and Analyst's are predicting more of the same for next quarter. I want to see how they can manage to pay themselves bonuses and give themselves another boatload of stock after this year and 2015. Notice that one Board member turned it in last week. (As i remember , he was in charge of the Compensation committee) Think he could read the wall.
Really
Well, by all mean do feel us in on the 2 you know about.
So what the hell Paul going to do next for the Glass House I wounder
OK , Right