Craighead also known as #$%$ needs to go.
BHI needs to get someone from HAL/SLB or even old BJS man to run this company, it has completely lost all its bearings & needs to search its roots for profitability & shareholder value.
They should spin off BJS's pressure pumping business to Archer or HAL/SLB if they think it was a wrong move, just sell it off, lick your wounds & move on !
Craighead would even get more egg on his face if they sold off BJS for a huuuge loss. Just shelf a lot of the equipment until the market demand is higher. I sure have seen a ton of BJS equipment up for auction though. I wonder how much they have/are getting rid of.