Thread regarding Weatherford International Ltd. layoffs

Selling Family Jewels

They will continue to sell off the Family Jewels. Those are the parts that actually make money. The remaining Regions and Product Lines will suffer under the increasing overhead from the Supply Chain and Upper Management that is not being reduced. The Software recurring lease payments (Oracle, Peoplesoft, Hyperion, etc., etc., etc..) will increase the cash burn.

Weatherford is in the slow death sprial. Stair stepping stock price down week after week. This only ends one way. Bankruptcy. But because so many of the Board of Directors have their hands in the cookie jar, they will fight it every step down. Until their hands are forced by the banks to recover their debt. The banks have to lose confidence. I suspect the final nail in the coffin will come this summer when oil prices go back to $35/barrel. Due to the ever increasing USA Oil Supplies.

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| 1591 views | | 4 replies (last April 5, 2018) | Reply
Post ID: @OP+Sophmmv

4 replies (most recent on top)

I have been out of the company for a while, but I would say, in the USA, the family jewels are Completions Packers, Pressure Control heads, and parts of the Artificial Lift. And Labs can make cash flow if run as a seperate business. There are many smaller technology products in WFT that have value based on their patents. But not worth more than the debt and equity of WFT. But can be sold off to the competition. Funny how over the years we were not allowed to sell any inventory. Rather had to spend thousands to destroy inventory that was being scrapped. Now they openly sell off whole divisions to the competition just to save themselves. LOL.

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Post ID: @9mqf+Sophmmv

What divisions are the family jewels?

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Post ID: @7fub+Sophmmv

True

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Post ID: @5fsd+Sophmmv

The musicians are on deck playing, as the Titanic sinks.

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Post ID: @2ixj+Sophmmv

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