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  • Stick A Fork In Dril-Quip [View article]
    MTCRB,

    You implied the Shock Exchange compared DRQ directly to WFT. He only said that as each quarter passes, DRQ puts money into value-destroying assets - assuming offshore is dead for a while. You take everything to the extreme and then attributes those comments to the Shock Exchange.

    SE
    Aug 3, 2015. 11:17 AM | Likes Like |Link to Comment
  • Stick A Fork In Dril-Quip [View article]
    MTCRBR,

    You can have your own opinions but not your own facts. There are better forums if you want to play politics.

    SE
    Aug 1, 2015. 09:31 AM | Likes Like |Link to Comment
  • Stick A Fork In Dril-Quip [View article]
    Batman,

    WFT and OIS do have worse balance sheets, partly due to debt and partly due to the fact North American land drilling turned down before offshore did. By the way, "Shock Exchange" is more appropriate.

    SE
    Jul 31, 2015. 06:12 PM | Likes Like |Link to Comment
  • Stick A Fork In Dril-Quip [View article]
    batman10023,

    That's sort of the point. The past is the past. Assuming offshore does not come back, any money that goes to capex or inventory is value destroying. If you don't believe the Shock Exchange, look at Weatherford and OIS for examples. They have hundreds of millions tied up in PP&E and inventory that practically have no value.

    SE
    Jul 31, 2015. 05:16 PM | 1 Like Like |Link to Comment
  • Stick A Fork In Dril-Quip [View article]
    batman10023,

    DRQ's liquidation value today is the highest it will be for a while. As each quarter passes, they will spend some of the cash and receivables they monetize on value destroying assets.

    SE
    Jul 31, 2015. 04:45 PM | Likes Like |Link to Comment
  • Stick A Fork In Dril-Quip [View article]
    batman,

    That a fair way to look at it. And just think, as each quarter goes by [i] DRQ converts receivables to cash and [ii] and also spends money on things like capex that are depreciating. No matter what your liquidation value is today ($30/share), it gets lower each quarter.

    SE
    Jul 31, 2015. 04:15 PM | Likes Like |Link to Comment
  • Dril-Quip Earnings - 2 Key Areas Of Focus [View article]
    batman10023,

    Thanks for the kind words. One of the investment banks just downgraded DRQ, so it may have lost major support or the stock.

    SE
    Jul 31, 2015. 03:08 PM | Likes Like |Link to Comment
  • Civeo Is In Free Fall Heading Into Earnings [View article]
    salvaort,

    A lot of these debt agreements with oil companies are reviewed by banks twice per year. The second review is typically around October when banks decide if they want to reduce their exposure.

    SE
    Jul 31, 2015. 01:26 PM | Likes Like |Link to Comment
  • Stick A Fork In Dril-Quip [View article]
    MTCRBR,

    New orders have dried up. The Shock Exchange sees a slow grind down for DRQ for the next few quarters - lower revenue and lower EBITDA. The key is outlook. SE doubts investors will buy in the hopes of a V-shaped recovery.

    SE
    Jul 31, 2015. 12:25 PM | 1 Like Like |Link to Comment
  • Civeo Is In Free Fall Heading Into Earnings [View article]
    salvatort,

    Revenue and EBITDA were down by 16% and 45%, respectively. Why would anyone loan this company anymore money? The Shock Exchange believe we are at an inflection point. Banks don't want to keep throwing good money after bad.


    SE
    Jul 31, 2015. 11:16 AM | Likes Like |Link to Comment
  • Dril-Quip Earnings - 2 Key Areas Of Focus [View article]
    batman10023,

    DRQ's earnings were pretty bad. Missed on revenue and eps estimates. It could go lower.

    SE
    Jul 30, 2015. 10:22 PM | Likes Like |Link to Comment
  • Avoid FMC Technologies Heading Into Earnings [View article]
    user,

    I don't cover any of them. Broadcom will be driven by Apple sales though.

    SE
    Jul 30, 2015. 12:42 PM | Likes Like |Link to Comment
  • National Oilwell Varco Delivers Solid Q2 Results [View article]
    Phillip,

    Thanks for the kind words. Not sure at what price to cover my shorts. The Petrobras drill ships cancellation will hurt NOV. China and the downturn in offshore spending will also weigh. This is really the 4th round of a 12 round fight for NOV.

    SE
    Jul 30, 2015. 12:16 PM | 1 Like Like |Link to Comment
  • National Oilwell Varco Delivers Solid Q2 Results [View article]
    vicad,

    Touche'
    Jul 29, 2015. 08:58 PM | Likes Like |Link to Comment
  • National Oilwell Varco Delivers Solid Q2 Results [View article]
    vicad,

    Expect news of that Petrobras drill ships cancellation within weeks.

    SE
    Jul 29, 2015. 08:56 PM | 1 Like Like |Link to Comment
COMMENTS STATS
4,282 Comments
3,559 Likes