Replies to post #3807 on Oil & Gas - Energy - Commodities - Resources (OILBRENT)

[Sobek]

They been like clockwork, very professional. I can see them trading at a couple bucks a share or more by mid 2018.

They closed yesterday at .259, reflecting a mere $3.5 million market cap... w/ a current book value of $2, way undervalued.

* $36 million in assets
* $9 million in liabilities
* $27 million in shareholder equity
* 13.8 million shares o/s, approx. 65% insider owned
* NYSE inroad
* 14,000% increase in asset base in less than 5 years
* In same 5 years, revenues went from zero to over $11 million reported YTD last quarter
* Based in Houston and doing business in all the U.S. Basins
* Second PTC started by founder, the first he sold for $1.1 billion

$$$$ All debt bought by officers and directors by means of preferred placement though an LLC, in other words, they now own the company as an investment, not a debt... :-d

$ALYE

[eFinanceMarkets]

$NOV National Oilwell Varco (NYSE:NOV) says it combined its Rig Systems and Rig Aftermarket reporting segments into a single segment called Rig Technologies during Q4, which will result in $120M-$140M in pre-tax restructuring charges.

NOV says the restructuring "better aligns operations with the current and anticipated market environments, reduces administrative burden, and eliminates reported intercompany transactions."

NOV expects consolidated Q4 results to come in at or above prior expectations; it sees Rig Technologies exceeding previous guidance, Wellbore Technologies in-line with expectations, and Completion and Production Solutions falling short of guidance.