Oil Equipment | Avondale Asset Management

4 Aug 2016

Distribution NOW (DNOW) Q2 2016 Earnings Call

by Jeremy Saltzberg | posted in: Earnings Call, Notes | 0

Distribution NOW (DNOW) Robert Workman said their international oil equipment business remains challenged “Internationally, scheduled project shipments in the UK, Holland, Iraq, Kazakhstan, and turnarounds for Chevron in China likely won’t be sufficient to offset continued declines with the offshore … Continued

1 Aug 2016

National Oilwell Varco (NOV) Q2 2016 Earnings Call

by Jeremy Saltzberg | posted in: Earnings Call, Notes | 0

National Oilwell Varco (NOV) CEO Clay Williams said their customers remained even more cautious as oil pulled back to $26 in February “In the second quarter of 2016, National Oilwell Varco did post revenues of $1.7 billion, down 21% from … Continued