Wireline = 55% profit margin
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That is the understatement of the day...Everybody would do better if they could spin out of WFT. You would get away from the id–ts from CEO down to VPs. I would say you qualify for the illustrious “MASTER OF THE OBVIOUS” award!
WL is suffering, due to the lack of attention in Katy. They would do better if they could be a spin off of WFT.
Wireline is really tough. Competitive. Used to be good for getting in the door but really hard now. Lot of rig companies have own pumps pits swivels now.
Not a lot.