Completions starting to displace Halliburton in many locations. We are the company who moves the needle.
Another high level departure
A high level departure yesterday. I know the name but obviously cannot identify on here. No further information available.
Promises
Energyvoice https://www.energyvoice.com/oilandgas/257257/weatherford-oil-layoffs-covid/
Haters gonna hate, but WFT raising stronger!
All bitter souls talking s*#t about us going belly up, shutting down, chapter whatever.... Now they seem quiet after hearing the earnings call? Stock soaring and we're on track!
So the new CEO and CFO have a great day in the office
One ph*cked up Weatherford. You can hear the toilet being flushed. Once again proof you can't polish a t*rd. https://seekingalpha.com/news/3600726-weatherford-international-eps-misses-0_28-revenue-in-line
RFID Is the Future
RFID is the future and will turn our fortunes around. Just you wait and see. We have the best technologies available on the market and our customers know this as well. Only a matter of time now before we start clearing up and winning tenders. We are... — read more
Bonus
Do you think we will still get our bonuses before the company goes under?
Building a brand new Weatherford!
https://www.prnewswire.com/news-releases/weatherford-appoints-new-executive-vice-president-general-counsel-and-chief-compliance-officer-301098351.html
superintendent
Any Company that knows there employee has COVID-19 and does not let other employees know and doesn't close the facility they deserve to go out of business.
BJ Services Belly Up
Forget BJ Services or Baker taking over Wft. They have their own issues. Who would buy Wft? Hal? Schlum? Nova? https://www.houstonchronicle.com/business/energy/article/BJ-Services-files-for-Chapter-11-bankruptcy-15420006.php
WFT= Talented people get wasted away and id--ts thrive
I don’t know who needs to hear this, but you deserve better than WFT and there are so many better companies out there. Unless you’re a part of the cowboy hat, big belt buckle, know nothing, bad decision making good old boy club. You fit right in... — read more
WFTLF now $1.55
Down just over 40% in past month - it's difficult to see any realistic way back now. The Q2 results, expected 8/5, will be interesting reading. I simply cannot see beyond Q3 without some major intervention or restructure.
Another great deal, stronger than ever!
Just from Fred Justs! Here comes the recovery!!! Go wft!
CRC
Weatherford losing all CRC work this is the end
PCP test facility and strathcona plant
Wow breaking new up in Canada... both this plant is on fire show omg people the door... another one bites the dust on Friday from test facility.... everyone know the b—s—ter Dodge Ram...he deserves it because he treated people like sh–... I glad... — read more
Can’t polish a t–d
Weatherford in Scott is a dead horse management is a bunch of overpaid waisted paychecks.... it takes more energy to print these peoples checks than they actually do in the two weeks waiting for them. Two of the supposedly baddest machinists in the... — read more
Stronger than ever
Some said we'd be gone by q3, some aint no idea https://www.rigzone.com/news/weatherford_secures_fouryear_eni_contract-10-jul-2020-162681-article/?amp
New president for Drilling Serices
Really things are really sc-apping the barrel here!!
News update Canada
Strathcona plant Edmonton wicked close to 12 people as of today... cost cutting to stay in business...
COVID-19
Someone Has COVID-19 At The Katy Facility? I Was Told U Suppose To Shut The Facilty Down I Need Feedback
The guy who destroyed West Hardy has left WFT
Look back about 4 years to see the start of the demolition of West Hardy. Once a very good engineering team broken up and dissolved. The puppet send in to do the dirty work is now gone. Ha ha.
Changes in HR
Looks like the CHRO has just promoted her ex baker friends! Quid pro quo?
More layoffs in Q3?
Have been told by senior management in Aberdeen there will be another round of RIF in Q3. Decent severance. Does this apply just to Aberdeen or is it companywide?
WFTLF is crashing in over the counter market
can we get kicked out of over the counter market? The stock is at $1.84 and was valued at $34 in January 2020.
Wford Abz
Is their point in staying hoping it gets better? Or should we try and get new jobs before the place goes bankrupt and we lose our jobs without getting a payoff
Safety Department
I bet the safety boys are crying with these layoffs. NO MORE FREE LUNCHES.
Interim CEO gets pay increase but 20% paycuts are extended for everyone else. Typical income inequality and greediness at the top.
Don't be surprised when your everyday employees don't want to give their best...
Surprised at Layoff.Com
I am surprised that the censure team at Layoff.com didn't remove the posts about Karl, the interim CEO. I know it is public info, but the posts mention names and monetary amounts. They seem to remove every other post.
Karl Interim CEO making $370k/ month in cash payments
"In consideration for his expanded responsibilities, effective June 10, 2020, Mr. Blanchard's base salary has increased by $11,667 per month from his voluntary reduced salary rate. Mr. Blanchard is also eligible to receive monthly cash payments of... — read more
CFO CG to go after Filling Q2 results
Oops another CFO does a runner...............
Layoffs at Cutten Rd
Got word of layoffs going on at Cutten Rd, anyone has heard anything from other locations?
The End is near!
Hang on to your hats ladies and gentlemen the fun is about to start. Many layoffs coming and product lines will be sold. https://www.sec.gov/ix?doc=/Archives/edgar/data/1603923/000095014220001561/eh2000848_8k.htm
Departure of Directors !
Breaking News! Three Board members resigned. Did they go far enough? At the 2020 Annual General Meeting of Shareholders (the “Annual Meeting”) of Weatherford International plc (the “Company”) held on June 12, 2020, based on preliminary voting... — read more
This needs to end
Weatherford is at a point where it would be a mercy to put it out of its misery. We are turning into a Sears of our industry - just putting off the inevitable with a bunch of band-aid measures that will mean nothing in the end. Fixing everything that... — read more
Tommorow is the D-day?
so long ...as our ex-ceo says "one weatherford".
What happened to post re: director’s car race and wreck?
Looking for the link to that YouTube video.