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tgrbaitn08
Iona Fan
Member since Dec 2007
73896 posts

Harvey Gulf files Chapter 11
LINK



In May 2017, Harvey Gulf took out a full-page ad in the Wall Street Journal urging Trump to implement the proposal.

“Mr. President, We are American. We hire American. We buy American,” Shane Guidry, Harvey Gulf’s chairman and chief executive officer said in the ad, which is displayed on the company’s website.

“In keeping with your campaign promises, please support our industry like you have done with Carrier, Ford and other U.S. companies. Let us help you make America great again!”

Days after the ad ran, the U.S. Customs and Border Protection withdrew the Obama proposal. The U.S. energy industry, which U.S. President Donald Trump pledged to support, had lobbied the agency to keep the waivers.

Guidry was described by the Louisiana-based Advocate newspaper as one of the biggest donors in the state to Republican candidates. Affiliates of Harvey Gulf contributed $500,000 to the inauguration of U.S. President Donald Trump last year, according to Opensecrets.org, a website that tracks disclosures about political donations.
This post was edited on 3/8 at 9:03 pm


Athanatos
Vanderbilt Fan
Baton Rouge
Member since Sep 2010
7181 posts
 Online 

re: Harvey Gulf files Chapter 11
Who will be next?


cave canem
Mississippi St. Fan
land o sand
Member since Oct 2012
7693 posts

re: Harvey Gulf files Chapter 11
quote:

Who will be next?


Place all the names that were heavily invested in deepwater on a board and throw darts at it, they will all be taking a turn as that market is DOA for a long time in US waters.


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30
LSUFanHouston
LSU Fan
NOLA
Member since Jul 2009
12080 posts

re: Harvey Gulf files Chapter 11
Always a fine line between protectionism and lower cost.


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Captain Crackysack
Member since Oct 2017
677 posts

re: Harvey Gulf files Chapter 11
Welp. At least they have a ton of nice boats to look at. Too bad they could never get them chartered


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10
crazyLSUstudent
LSU Fan
391 miles away from Tiger Stadium
Member since Mar 2012
1773 posts

re: Harvey Gulf files Chapter 11
Bollinger next?


hungryone
LSU Fan
river parishes
Member since Sep 2010
7259 posts

re: Harvey Gulf files Chapter 11
Chouest bought Bollinger’s shipyard operations back in 2015......


tgrbaitn08
Iona Fan
Member since Dec 2007
73896 posts

re: Harvey Gulf files Chapter 11
quote:

Bollinger next?



not Bollinger but dont be suprised to see Edison Chouest to be next.


ECO bought Bollinger a few years ago and ECO just bought GIS a few months ago


Captain Crackysack
Member since Oct 2017
677 posts

re: Harvey Gulf files Chapter 11
Chouest got them government contracts though. They should be fine


tgrbaitn08
Iona Fan
Member since Dec 2007
73896 posts

re: Harvey Gulf files Chapter 11
True dat


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Simon Gruber
Houston Astros Fan
Member since Mar 2017
257 posts

re: Harvey Gulf files Chapter 11
Chouest doesn’t have as many bank notes to pay back on assets like Harvey did and government contracts also help. He wouldn’t be buying up other companies like he is now if he’s hemorrhaging money.


crazyLSUstudent
LSU Fan
391 miles away from Tiger Stadium
Member since Mar 2012
1773 posts

re: Harvey Gulf files Chapter 11
Did not realize


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tgrbaitn08
Iona Fan
Member since Dec 2007
73896 posts

re: Harvey Gulf files Chapter 11
Yeah it doesn’t hurt as bad when you build all your own boats and owe yourself money.


Captain Crackysack
Member since Oct 2017
677 posts

re: Harvey Gulf files Chapter 11
Chouest may also be picking up a new government contract soon from the coast guard. USCG only has one icebreaker vessel and it's a piece of shite. Of course ECO has a brand new icebreaker class tug that the coast guard wants to use until they can get money to build a new one


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11
tigerpawl
LSU Fan
Can't get there from here.
Member since Dec 2003
12106 posts
 Online 

re: Harvey Gulf files Chapter 11
quote:

Guidry was described by the Louisiana-based Advocate newspaper as one of the biggest donors in the state to Republican candidates. Affiliates of Harvey Gulf contributed $500,000 to the inauguration of U.S. President Donald Trump last year, according to Opensecrets.org, a website that tracks disclosures about political donations.
I didn't catch the name of the person holding a gun to Guidry's head. Careful when you leave a puppy at someone's doorstep. They might not care for dogs.

"This [norm of reciprocity] is so powerful, it allows the initial giver to ask for something in return for what was given rather than having to wait for a voluntary reciprocal act."

"The norm of reciprocity is usually internalised."

The Norm of Reciprocity


LSUFanHouston
LSU Fan
NOLA
Member since Jul 2009
12080 posts

re: Harvey Gulf files Chapter 11
Is that the same Guidry that got into a fistfight with Al Copeland?


achenator
Member since Oct 2014
1676 posts
 Online 

re: Harvey Gulf files Chapter 11
quote:

Is that the same Guidry that got into a fistfight with Al Copeland?


Yep and the same one who pissed everybody in Old Metairie off by cutting down a bunch of trees and putting up a 18000 sq ft house lol

Advocate article with pics LINK
This post was edited on 3/11 at 7:00 pm


hungryone
LSU Fan
river parishes
Member since Sep 2010
7259 posts

re: Harvey Gulf files Chapter 11
Also the one who, through Harvey Gulf, was buying marked-up supplies from a flow-thru company owned by Newell Normand and Craig Taffaro. Their company, CTNN, bought supplies from Pelican Marine, once owned by Billy Nungesser, marked them up 10%, and sold to Harvey Gulf. Taffaro got greedy with expenses related to this business, and the feds dinked him: he was recently convicted on 12 tax related charges. Story here: LINK


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tigerpawl
LSU Fan
Can't get there from here.
Member since Dec 2003
12106 posts
 Online 

re: Harvey Gulf files Chapter 11
quote:

Is that the same Guidry that got into a fistfight with Al Copeland?
Acorns/Oak Tree

"Deputies said that to make matters worse, the 22-year-old Guidry threatened to call his father as well as one of his father's associates, former Jefferson Parish Sheriff Newell Normand, in an effort to get the cops fired."

Might I add.... Shane's daddy, Robert "Bobby" Guidry was Certified TPT.

"In 1998, Bobby Guidry pleaded guilty to paying $1.4 million to Edwards and two others to win the license. He was a star witness at the trial in 2000 when the former governor was found guilty of racketeering, extortion, money laundering, mail fraud and wire fraud; he testified that he often left the governor and his son cash bundles of $100,000 in unlikely places, including Dumpsters."
This post was edited on 3/12 at 9:40 am


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