You need to know your best options for the future

WTI @ $53

Good thing WFT has only some small debt issues.

Superior energy is interested in buying wellhead from weatherford.. also oilstates international is in talks too.

Okay folks back to work shares are rising again Marks plan is back on track.

Anybody?

If you are still in the field be careful how many days you put in because very soon they will not be able to make payroll. Executives need the cash for their bonuses for failing. Weatherford will go down in history as the most mismanaged oilfield... — read more 

Oilfield services companies that are small are where it’s at. In a small company nobody stands around watching you do the work. In a big company there are too many people that have no skills trying to tell the skilled people what to do. There was big... — read more 

As a vendor we have a lot of parts in WIP for PO’s. That is money that we have invested in material not including the labor and outside processing. I sure hope management can hold on till we have delivered and get paid.....

They slashed experianced staff, they had a bad accounting year which cost them $500M. They put a bunch of muppets in key management rolls and canceled strategic RnD. The company has been on its last legs for years. Those who were laid off a few years... — read more 

Stand back it’s gonna blow

All common employees are slowly getting stripped off with benefits and head counts still going down. Is the transformation only applicable for small fish employees? Management should also cut their salaries and benefits to lead as example... — read more 

Both major stock exchanges--Nasdaq and the New York Stock Exchange (NYSE)--require listed stocks to maintain a trading price of $1 or more. If a company trades for less than $1 per share for 30 consecutive trading days the process of delisting... — read more 

Will only accelerate on this stock from now to end of year. Seller's won't care if they sell at $1.00 or $.01 to get their benefit, as there clearly is no upside potential remaining.

Don't panic folks every other O&G service provider is in the same boat low oil price and less good paying contracts. Don't lay the blame solely on Weatherford lay some blame on the shareholders who are a different breed only in it for the short term... — read more 

folks, i am going to leave this here for you to digest over the weekend http://www.famous-trials.com/enron/1791-stockchart

Thoughts?

If WFT closed below $1.00 for 30 consecutive trading days, then the NYSE would initiate the official delisting process. We are three days into this and if the price stays under a buck for next 27 days, Weatherford will be delisted.

Can't it be done via Skype video conferencing. Wasting company money by being a tourist snc enjoying the Canadian Hospitality. Someone wrote it absolutely correct, let the wine flow. Wow!! Double Standards.

Townhall

Everyone put on your life jackets! She's going down!

what the hell is going on with rentals and wellhead? never thought I would see this coming!

Well that was sure a bone headed thing that happened yesterday! Disgusting, despicable, disheartening and deplorable! Friends and family all the way!

Weatherford International (NYSE:WFT) closed below $1/share in today's trade to a 29-year low, as investors lose confidence in the turnaround plan at the oilfield services company... — read more 

We were much better with Bernard.

Wheres wellhead going?

Heard some rumors Signal Hill is being sold, can anyone confirm and who's buying.

Since Labs was sold we don't have to care about Weatherford anymore right 1 Weatherford (- ) Labs ? We got a lifeboat off the Titanic. This sale is still happening, right ?

$0.82 Since you signed-up at Weatherford, we have made great progress. Canada is climbing the rocky mountains.

The high debt load is what's keeping us afloat. No lenders will call in the loans as they will get nothing for their investment. Other companies probably won't be interested in trying to buy us out (hostile or friendly) as they wouldn't want to take... — read more 

Is this a realistic possibility now?

Wow where is the bottom?

https://www.youtube.com/watch?v=d1gYJDQXPOk

The stock, which peaked at almost $50 in 2008, has fallen sharply since oil prices crashed in late 2014, leading to a string of losses at Weatherford since the third quarter that year. The company has $7.6 billion in long-term debt. Pressures on its... — read more 

What can we buy for the same price of a share of stock? A pack of gum A soda A candy bar A newspaper Take it away folks, lets see what a dollar can get us!

Can someone explain the mechanics of where Weatherford goes from here. Obviously the stock can't keep on a perpetual downward spiral so at what point does either someone step in, in the form of an administrator or at what point does the Weatherford... — read more 

Stock slid under a dollar briefly today for the first time in a very long time (early EVI days). The company is a Zombie - undead for now. Can shuffle the decks and service debt (for now). It is just unable to reduce the debt to maneahable levels or... — read more 

One dollar holler! Way to go on being #1, you did it!

I personally hold the lower level employees accountable. It’s at best C class students and the majority of the blame sits with this employee group, NOT management.