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National Oilwell Varco - Bulls' Worst Fear Has Been Confirmed PDF Print E-mail
National Oilwell Varco's (NYSE:NOV) revenue and earnings have been ravaged by the rout in oil prices. To stem cash burn the company announced it was cutting its dividend by 89% from $0.46 to $0.05 per share. Management highlighted that the free fall in the oil & gas E&P warranted the dividend cut. The fact that E&P has fallen so rapidly could portend that a recovery in capex could be just has rapid. However, analysts do not expect industry capex to increase until next year. 2016 could be a tough year for NOV. The news removes an important catalyst for the stock as the dividend allows longs to stomach the ups and downs of the oil patch until oil prices rebound. 
Cardell Hayes' Defense Attorney Says Saints' Will Smith Was The Aggressor PDF Print E-mail

This man has a lot of 'splaining to do
The murder of Saints' Will Smith gets more bizarre by the hour. According to John Fuller -- the lawyer for accused killer Cardell Hayes -- claims that Will Smith was the aggressor ( https://www.youtube.com/watch?v=7bDODI8TXPA ). Fuller claims Hayes' Hummer was rear-ended and the driver drove off. Hayes called 911 to report the accident an followed the said vehicle. At some point there was an altercation between Smith and Hayes that led to the fatal shooting. 

The accident was much bigger than that. There may have been an earlier accident in which one of the parties sped off ... My client followed to get their information and also made a 911 call ... all of which should be apparent in the upcoming weeks.

Will Smith Killer, Cardell Hayes, Was Former HS Football Star PDF Print E-mail

ImageThe plot thickens in the killing of former New Orleans Saints star Will Smith. His accused killer is 28 year old Cardell Hayes, former high school football star ( http://www.theneworleansadvocate.com/sports/saints/15447720-128/cardell-hayes-charged-in-will-smith-shooting-has-football-background-with-warren-easton-crescent-cit  ) at Warren Easton:

Cardell Hayes, the 28-year-old man who has been arrested and booked on charges of second-degree murder in the shooting death of former Saints defensive end Will Smith, was a decorated high school football player at Warren Easton. Hayes, a defensive tackle at the school, was listed on Scout.com’s Louisiana Fab 50 list for the class of 2005 as a 6-foot-4, 280-pounder, although it’s unclear if he ever played football at the collegiate level.

Hurricane Katrina hit New Orleans in August 2005 so Hayes' senior football season likely never happened. He continued to play football as an adult for the Crescent City Kings, a member of the Gridiron Development Football League as recently as 2015. Here is the frightening scenario -- Hayes knew exactly who Will Smith when they "exchanged words" and before he shot Smith and his wife.

Former Saints DE Will Smith Shot And Killed In Road Rage In New Orleans PDF Print E-mail

ImageFormer Saints defensive end, Will Smith, was shot and killed ( http://www.landgrantholyland.com/2016/4/10/11400864/ohio-state-will-smith-new-orleans-saints-shooting ) Saturday night in the Big Easy after his car was rear-ended causing it to hit another vehicle. Preliminary reports suggest the scenario was "road rage." 

According to a police statement, Smith's car was rear ended causing it to hit another vehicle. After Smith and the driver exchanged words, the driver of the vehicle that rear ended him shot Smith multiple times and his wife twice. He was pronounced dead on the scene and his wife was transported to a local hospital. The suspected shooter is in custody in connection with the events that unfolded.

The former first-rounder from Ohio State spent his entire 14 year career with the Saints. Smith's wife was also shot and is expected to recover. 

LA Tech's Ashley Santos Squashes Rumors About Her And Tyler Summitt PDF Print E-mail
Louisiana Tech women's coach Tyler Summit resigned in disgrace earlier this week amid rumors that he impregnated one of his players. There has been a manhunt to find the young lady involved. Rumors swirled that the girl was African-American. Now the manhunt has centered around two players who transferred in from Marquette -- Brooke Pumroy and Ashley Santos. Summitt was an assistant coach at Marquette before taking the Louisiana Tech job. Santos recently posted a picture of her midriff online to show that she was not pregnant. The picture had the following caption, "Rumors squashed. Don't talk about what you don't know." What I heard was, "It wasn't me ... it was Brooke!"
Tyler Summitt's Girlfriend, Brooke Pumroy, Is Caucasian PDF Print E-mail

This girl ain't black ...
Louisiana Tech women's basketball coach, Tyler Summitt, resigned Thursday after impregnating one of his charges. Louisiana Tech would not release the name of the player in question. The Internet went wild with rumors that the young lady was African-American, but they weren't true. The $64,000 question, "Where's Karl Malone?"

Video: That Time D'Angelo Russell Tried To Tape Stringer Bell PDF Print E-mail
L.A. Lakers' D'Angelo Russell put some dirt in the game when he (i) taped teammate Nick confessing something that was for Russell's ears only and (ii) posted the conversation online. The conversation probably embarrassed Young's girlfriend Iggy Azalea and potentially put their relationship on ice. Telling "what had happened?" What part of the game is that? Russell has a track record as a confidential informant. However, when Russell tried to take notes on Stringer Bell it didn't fall his way.
Coach Tyler Summit Impregnates Female Player At Louisiana Tech PDF Print E-mail

ImageTyler Summit has stepped down as coach of the Louisiana Tech women's basketball team after impregnating one of the players he was coaching. Summitt is the son of legendary Tennessee Vols coach Pat Summitt. The 25 year old had been coach of the lady bulldogs for two years. Summitt gave a canned apology to the university about being "disappointed" and "hurting the ones I love." Let's be real ... who didn't see this coming? Why else would a man want to coach a lady's basketball team if not for the accoutrements? I want to know is, "Does Karl Malone know about this?"


Weatherford - Will Bondholders Revolt Due To "Fraudulent Conveyance?" PDF Print E-mail
Weatherford International's recent equity raise has been a boon to the stock. The company's debt/EBITDA was over 8x and with over $1B in principal payments due over the next 18 months, the company seem headed for a certain default. Weatherford's bankers -- JP Morgan and Morgan -- helped the company raise $630MM last month. It was expected to shore up its capital base and liquidity. However, the lion's share of the proceeds are expected pay down a $967MM revolving credit facility owed to JP Morgan and Morgan Stanley. Not only was the offering prohibited by Glass-Stegall ( http://www.newyorkshockexchange.com/content/view/912/37/ ), but it appears to represent "fraudulent conveyance."
Video: Lakers' D'Angelo Russell "Informs" On Nick Young PDF Print E-mail
The L.A. Lakers are in a state of turmoil. At 16-62 they are the second-worst team in the "L". You would think these guys would not want to bring any extra attention to themselves. However, it's only off the court that they make any noise. Rookie D'Angelo Russell secretly recorded a conversation with Nick Young where Young admitted to being involved with women other than his girlfriend. Young is in very public relationship with rapper Iggy Azalea. Somehow the video was posted on line and subsequently went viral. With females like Russell on the team it's no wonder the Lakers can't win.
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