Thread regarding Weatherford International Ltd. layoffs

Can’t see any of the big three buying Weatherford out to be honest.

They don’t need the headache and are restructuring themselves as it is, making changes to face the future.

The only people who could buy Weatherford lock stock & barrel is somebody wanting to get into the industry with a set up that is a going concern, Weatherford have offloaded a lot of debt and could be bought up this way.

However the market is not good and I can’t see anyone trying to buy in at the moment with margins so tight and competition for the small amount of work so hot. I can see Weatherford getting sold off piece by piece with artificial lift and trs being desirable as they are the cash cows. This will probably happen as Weatherford makes no secret of its future being in drilling and digital tech. I think in the future Weatherford will be a company with no more than 5000 employees worldwide, what they can sell off they will.

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| 2117 views | | 5 replies (last May 23, 2019) | Reply
Post ID: @OP+Z9dMwrK

5 replies (most recent on top)

The drone technology for mapping, surveying and seismic was looking really great. So sad to see those efforts suffering this setback. Worse yet would be one of the other companies getting their hands on that after the work we’ve so quietly put into it. Digital is all the rage now and this was showing promise kawalski !

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Post ID: @3cox+Z9dMwrK

Froggie is the one that broke it in the first place.

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Post ID: @2zdj+Z9dMwrK

maybe BDD will come back and fix this place

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Post ID: @1dyq+Z9dMwrK

Sinopec can buy Weatherford, and just sc-ap what they don't want.

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Post ID: @dau+Z9dMwrK

Sinopec can buy Weatherford, and just sc-ap what they don;'t want.

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Post ID: @vhj+Z9dMwrK

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