Actionable news
0
All posts from Actionable news
Actionable news in WFT: WEATHERFORD INTERNATIONAL PLC,

Weatherford International - Waiting For Takeoff

Summary

I continue to view Weatherford International as a stock that could be a substantial outperformer, once results prove the magnitude of the company's cost-cutting measures.

I anticipate a steep recovery, and I do not believe $50 per barrel is the new normal over the medium term.

The company is an industry leader in managed pressure drilling. Demand for this technology is growing rapidly as a result of the Macondo Well disaster.

Weatherford (NYSE:WFT) is a multi-service company offering a broad range of products and services for drilling, completion and production-related processes. Drilling and evaluation offerings include contract drilling, directional drilling, well construction, liner systems, logging...


More