Weatherford enters it's last year
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ones making a loss globally or below expectations have a better chance to be offloaded if they want this titanic to sail a little longer.
TRS and AL are the only one’s making money so they’ll probably be the first.
What product lines you think will go first?
I suppose it's either that or keep going as is and wait for the total collapse.
You are correct. 2020 will see those who put up the money for Weatherford’s debt call in their loans and the company will be sold. If it was your money when would you want it back? Wait 18 months for the company to haemorrhage another billion dollars? Or as soon we emerge from chapter 11 with a ‘clean’ balance sheet and so maximise your return? Right now, any recruiting is getting vetted by a 3rd party company with a heap of justification needed for basic workshop roles. Other parts of the business with big order books and dozens of vacancies aren’t even allowed to recruit. These are the tell tale signs that the divisions, or the entire business, is about to be sold. To think otherwise is incredibly naive, chapter 11 wasn’t a new beginning, it was in fact the beginning of the end.
Wft had its run. Sell out in an orderly manner and cut the liability
I smell bbbbbbullshit...