if you read,you may find that when cjes did the deal with nbr,they paid nbr 937 million in cash,and they gave them 63 million shares,so in reality,nbr is not in such a great mess as you may think.they actually merged part of their company with cjes,and got huge money for it so..
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their affiliation with CJES. take a look at occurred with them. default. unfortunately, this sector of the oil industry is running out of time and money. it will be a challenge to get financing as we move deeper into the oil industry recession. only the strong will survive. my opinion
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what a beating if bought above $8. I am very concerned about the health of company from here as it appears others are too. It appears many are exiting quickly. my opinion
I'm having trouble figuring how much of a writedown they took on their 63,000,000 shares of C&J. Any help would be appreciated. Also wondering if any of C&J debt is guaranteed by NBR. Thanks.
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