The DS work here in the US is set to explode, it has already doubled in the past few months and investors have high expectations for extravagant growth for the many months plus to come. The really jacked up part is that all the managers managers managers that closed down all the US DS Opps facilities have moved further up the chain with their fine associates or have been RIF'ed. WFRD is now reliant on DS overseas MAGNUS work to make up the difference of being totally out of the US markets. The ROR for any DS work overseas contracts is far lower then what can be made right here in the USA in today's market with local US support. The overwhelming US demand for new drilling services contracts in the near term is overwhelming... . YES, the Saligram admens like ATM would be pulling their hair out if he some on how to capture market shares on the growing activities here in the US. It's really far little to late to make any moves to capture anything. The one and only broken down RD&E firm here in the US (WHR) can't continue to operate in the US and it too will be re-consolidated overseas so the shipments of all R&M tools will further reflect any recordables for on paper cost savings .... Tell us all who's Idea this was? BDD would have paid lots more to have his cards read than these cheap a*s TG&Y fortune tellers.
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Shares listed again? Puts have been very profitable in the past.
Congratulations you can copy and paste the first earning in the last 5 years that looks on the surface to be positive. Can you also post the amount of debt ($4.8B) that the company still holds after their bankruptcy and the amount of interest due by the end of the year?
Uh oh check out the downvotes. Apparently some folks don’t like to see good news coming out of WFT.
- Revenues of $903 million increased 9% sequentially driven by a 12% increase in service revenues.
- Operating income totaled $25 million and adjusted EBITDA[1] totaled $136 million or 15% adjusted EBITDA margins.
- Second-quarter cash provided by operating activities totaled $46 million and free cash flow[1] totaled $48 million.
- During the quarter, Weatherford won more than $270 million in new and extended commercial awards within our market-leading product lines of Managed Pressure Drilling ("MPD"), Tubular Running Services ("TRS"), Fishing and Re-Entry Services, and Cementation Products.
- On June 2, 2021, Weatherford shares began trading on The Nasdaq Global Select Market under the ticker symbol "WFRD".
These new trucks are cr---y..all kinds of bad build and if you put it in shop it will be a month
Feel bad for ya brother…..can’t get you a new truck. We are broke. We do have an old Jaguar sitting at SJP. Could rig it out with some pipe racks and a trailer hitch if that would work for you
Can I get my company truck now?