Finally, we are starting to hear the sweet sweet sound of the Weatherford death rattle. This massive turd of an organization has been plugging the drain for far too long. Seems like the heros at Wolfe Research have finally given this 3 pound log a prod with the plunger to convince it to succumb to the inevitable. Good riddance Weatherford. Let history prove that your stench will not have staying power as you are forgotten from the collective memory like the insignificant pretender you were.
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Wolfe is an idiot. Lots of others very negative the stock for longer than him. The call Krishna and Karen did with Credit Suisse yesterday didn't explain anything. Smells of material nonpublic info given to Jim Wicklund at CS since he has all these exact numbers on covenants/debt/liquidity that he refuses to share and he's done no math. Karen and Krishna feeding him exclusive crap #s trying to keep all us working folks out in the cold? Loser!
Bye Y'all !!!!
Good riddance!!!!!!!!!!!!!!!!!!!!!!