Blake DeBerry, the company’s president and CEO, said: “We believe that our new product development efforts with re
“Also, our strong balance sheet allows us to provide Premier with vendor financing for a portion of the contract which is consistent with our overall strategy. Dril-Quip (Europe) has enjoyed a successful relationship with Premier that includes providing multiple subsea completion systems for Premier’s Catcher Area development project in the North Sea."
So there is plenty of money to invest in projects but not enough to give back pay cuts to the guys?