Looks like rumours will happen w.r.t. the WCT group (global)
High technloogy, but minimal business and poor supply chain - it is a losing enterprise from day one
will they shut down completely? I am working there now in eastern region and we know NAM will shut down for sure because NO BUSINESS!
When will it be sold to another buyer?
You know back in the day the thinking was: we have a contract wif wft we cant use anyone else. Well thats all over now. A lot of the service rig companies have tools now and they can do most themselves
Shut er in boys, the well done gone dry!!!
Theres not enough pricing power to justify the risk. The mom and pops are whooping wft. It used to be like well youre a small company you cant work for majors. Well guess what. Turns out you can
It won’t be sold. Anytime soon they will shut it down by xmas