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OFS - ‘Challenging’ market pushes some companies to the brink - November 2019
Q3 can be boiled down to one word— challenging. That word kept popping out of CEOs’ mouths during their companies’ earnings conference calls. “The third quarter was challenging for Carbo, like many companies in the North American oil and gas industry,” Carbo Ceramics CEO Gary Kolstad said. U.S. Silica CEO Bryan Shinn acknowledged a “challenging third quarter given the weakness in the oil and gas completions market.” Hi-Crush Inc. CEO Bob Rasmus congratulated his......
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