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Newpark Resources, Inc. (NR)

NYSE - NYSE Delayed Price. Currency in USD
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2.9900-0.0800 (-2.61%)
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  • p
    psight
    $LPI conversation
    So what happened to the (high) earnings and the (low) PE?
    All that changed in last couple of weeks?

    even at the reduced production numbers going forward, the earnings (only slightly lower form the original earnings) and PE (single digits) remain mostly on target. Meanwhile the stock price has taken a 40% haircut.
    Either I am completely wrong about where the oil prices are going or we have a phenomenal buying opportunity in LPI ( and many other small cap oilers like $CDEV, $CPE, $SM, $TTI, $NR and $RIG).
  • j
    joes
    Going to be an epic breakout in the upcoming 3 months. Just you wait & see.
  • j
    joes
    Big cup & handle almost completed. IMO, almost ready for the next leg up (not financial advice). Long & Strong
    Bullish
  • J
    Jordan
    Don’t invest, very overvalued
    Bearish
  • M
    Marlin
    The turnaround is obviously taking shape.

    1. Inventories declined sequentially while revenue improved significantly on a sequential basis. You have to love a management team that prioritizes same.

    2. The repurchase of the Convertible Notes should give Mr. Market more certainty that the Debt is not a problem even though the expiration is short term. The company is able to borrow and operate just fine while the road to profitability is taking shape. When you consider a book value of $5.30 and the stock trading at $3.25 in after hours, you have to agree that if you are patient, you make a lot of money in this stock.

    3. SG&A expenses remained relatively flat while revenue increased +/-$11M.

    4. Compared to a year ago, interest expense is almost one million dollars less.

    5. The current quarter will see further improvements, imo, as we see the economy roaring back.
  • M
    Marlin
    May 5, 2021 Newpark Resources (NYSE:NR) Rating Increased to Overweight at Capital One Financial
  • M
    Marlin
    Note that prior to the earnings report, the one-year price target reported in Yahoo! was $3.25. Today, it is $4.50.
  • M
    Marlin
    Jamie Dimon, CEO of JP Morgan has reiterated "that the economy is poised to emerge from the pandemic on fire, with growth that could stretch into 2023."- The WSJ.

    Under that scenario, I can see Newpark benefiting for the long term.
  • C
    CS
    $CDXC conversation
    Brenner on Niagen stable shelf life--(recent Rhonda Patrick/ Sinclair podcast)

    "Charles Brenner, PhDVerified account @CharlesMBrenner · Nov 7

    Replying to @Mattkelly20 @davidasinclair

    That’s quite the shocking statement. Not true of #Niagen, which is a stable crystal form of #NR chloride. Niagen in its excipient from @truniagen is stable at room temperature for years. @chromadex has data on this"

    https://twitter.com/CharlesMBrenner/status/1192469911341191169
    “@Mattkelly20 @davidasinclair That’s quite the shocking statement. Not true of #Niagen, which is a stable crystal form of #NR chloride. Niagen in its excipient from @truniagen is stable at room temperature for years. @chromadex has data on this”
    “@Mattkelly20 @davidasinclair That’s quite the shocking statement. Not true of #Niagen, which is a stable crystal form of #NR chloride. Niagen in its excipient from @truniagen is stable at room temperature for years. @chromadex has data on this”
    twitter.com
  • T
    Tim
    nr earnings - pretty good considering $3 million tax and freeze shutting down business in southwest last February. Would like to get guidance of no less than break even for 2nd quarter
  • J
    JH
    The bonds last traded at 91.25, the highest since March 11th. I think it's mostly the company buying these as they've done through the year. Through Q3, the company bought $33 million worth of face value for 88% of par. They mature next December, so picking them up now is essentially a 13% return on capital as that's the current yield to maturity (4% coupon plus the 9% capital appreciation). Good return for any investor, even the company itself.
  • W
    WeedFarmer
    $CDEV conversation
    Insiders aren’t encouraged to buy/sell shares when they know about upcoming mergers/acquisitions months ahead of the public.

    SEC would investigate insider trading!!

    -> No insider $QEP buying since March.

    -> CDEV (CFO) loaded some in Q3.

    -> $NR insiders (CEO and CFO) both loaded in November.

    -> Numerous $MTDR insiders have been loading non stop all year up until last month.

    So it’s unlikely that any plans of mergers going on with the bottom three (for now).

    I already moved some funds from QEP to NR and CDEV.

    Happy holidays,
    Let’s get it!!
    Bullish
  • W
    WeedFarmer
    $CDEV conversation
    Tough week but next month’s draws are going to look good!

    Have a good weekend folks.
    $QEP
    $SM
    $MTDR
    $NR

    https://oilprice.com/Latest-Energy-News/World-News/China-Charters-Tankers-For-37-Million-Barrels-Of-US-Oil.html
    China has chartered tankers that could deliver as much as 37 million barrels of crude oil from the United States next month
    China has chartered tankers that could deliver as much as 37 million barrels of crude oil from the United States next month
    oilprice.com
    Bullish
  • T
    Tim
    oil prices are rising. wti above $48.

    The inevitable rise in rigs is coming. NR will undoubtedly benefit. I anticipate 400 rigs within a month or so and up to 600 by year end 2021.

    I also anticipate $3sh sooner than later and more to follow if my predictions ring true.
  • W
    WeedFarmer
    $CDEV conversation
    Absolutely ZERO reason to sell either $CDEV $SM MTDR $NR $TTI anytime soon.
  • M
    Marlin
    Takeover coming?

    "The Board of Directors does not believe the current trading price of the Company's common stock is reflective of the Company's long-term value. The Rights Plan is designed to ensure that all of the Company's stockholders receive fair and equal treatment in the event of any proposed takeover of the Company and to guard against abusive tactics to gain control of the Company without paying all stockholders a premium for that control. The rights are intended to enable all of the Company's stockholders to realize the long-term value of their investment in the Company. The Rights Plan will not prevent a takeover, but should encourage any party seeking to acquire the Company to negotiate with the Board prior to attempting a takeover.

    In general, the stockholder rights will be exercisable only if a person or group acquires 10% (or 20% for certain passive investors) or more of the Company's outstanding common stock (directly or indirectly through derivative instruments), and will be provided to all stockholders of record as of June 12, 2020. If the rights become exercisable, each right will entitle its holder (other than the person or group that triggered the rights) to purchase a number of Company common shares at a 50% discount. Alternatively, the Board may at that time exchange each right held by such holders for one share of common stock."
  • J
    Jason
    Huge potential here with oil rebound, $10 wouldn’t surprise me in a year with rapid demand increase for oil services / fluids.
    Bullish
  • p
    psight
    Read the ER press release.

    To me really important thig is the debt reduction and how little debt this company has!!

    Here is the info from the the ER from the CEO:
    "... to maintain strong Free Cash Flow generation, which led to a $15 million reduction in total debt. The fourth quarter contribution brings our full year 2020 cash from operations to $56 million, yielding Free Cash Flow of $52 million and leading to a $73 million reduction in our total outstanding debt. We ended 2020 with a total debt balance of $87 million, reflecting our lowest debt balance in more than 20 years,"

    The remaining debt is only $87 million. Last year they reduced it $73 million. THEY WILL GET RID OF ALL OUTSTANDING DEBT BY THE END OF 2021, I think!!!
  • M
    Marlin
    Today, if I remember correctly, is the last day of the "poison pill" implemented by the company a little more than a year ago. In my opinion, there had to be a prospective acquirer of the company back then and Management made the effort to protect the shareholders from a lowball offer. Management was clear that they were not against a sale but they were, indeed, against an unreasonable offer.

    I believe Innospec is a perfect acquirer of Newpark. There's a lot of synergies, imo. I should note that Innospect has pulled out of acquiring Elementis which is a much bigger company than Newpark. Conjecture: Innospec could be eyeing Newpark. Why not? NR trades for forty cents on the dollar of book value.

    The industry is turning around already. The stock will turn around as well.
  • R
    Robert
    What is going on ? I don’t see any news or anything indicating the erratic drop