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re: Franks International is causing me angst..
Posted on 8/8/14 at 2:12 pm to Northwestern tiger
Posted on 8/8/14 at 2:12 pm to Northwestern tiger
yeah I'm not going anywhere over one bad quarter
1
Posted on 8/8/14 at 2:20 pm to yellowfin
They've been losing work. They put all their eggs in one basket (Deepwater) and are missing out on less glamorous revenue on the shelf. Their equipment is great, personnel is a different story, and has something to do with the work they are losing.
I know they dropped a string recently, and it wasn't mechanical error.
They've been sending more guys on jobs than is necessary, trying to keep them busy. If I notice, the Company Man will too.. when they have to sign a ticket for $80,000, just in personnel, for a week worth of time.
The increase in land work is a sign, I think. They're scrambling to keep the hands and tools on a ticket.
I know they dropped a string recently, and it wasn't mechanical error.
They've been sending more guys on jobs than is necessary, trying to keep them busy. If I notice, the Company Man will too.. when they have to sign a ticket for $80,000, just in personnel, for a week worth of time.
The increase in land work is a sign, I think. They're scrambling to keep the hands and tools on a ticket.
This post was edited on 8/9/14 at 11:04 am
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