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Actionable news in WFT: WEATHERFORD INTERNATIONAL PLC,

Weatherford: Improved Liquidity Removes Bankruptcy Risk

Summary

Weatherford delivered Q2 earnings on Wednesday.

Revenue fell 21% Q/Q, and the company's $58 million EBITDA was meager.

A $2.7 billion capital raise extended debt maturities and removed near-term bankruptcy risk.

Weatherford could bounce higher over the next week, but investors should avoid the stock long term.

Weatherford International (NYSE:WFT) reported Q2 revenue of $1.4 billion and EPS of -$0.63; the company missed on revenue by about $18 million. I had the following takeaways on...


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