Even if there was a buyer, wft would screw up the deal and wait too long to react.
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Why would nov want wft. So you can have a bunch of underemployed tool hands breaking and losing things and junky trucks to haul stuff around and wrecks and fuel and repairs. No thank u
Thanks for the heads up, then they better hurry up or won't be s-t to sell nor merge...
There are discussions behind closed doors between WFT and NOV. Its either selling off certain products or a full merger. This process takes a very long time.
Q1 results, NOV has more than $1.5BB in cash with Less than $500MM short-term debt due in 2022; well covered. If you have the cash, there’s probably no better time than now to pick-up the one of crown jewels (completions) even if you have to take the red-headed step child (MPD). Insiders - any major changes to the org structures, beyond the obvious covid/oil price crash necessities?
NOV will be lucky to survive this fiasco as is. No way they’re in a position to buy anything like this. They’re currently scrambling trying to sell off assets.
What company would put themselves in that much debt in a downturn?
Thanks for the tip BDD.
Quarter dollar up now and raising, you're missing the chance to buy a big house...
This thread fully encapsulates my experience with Weatherford. Rumors of being sold on the one hand; buy stock because this rocket is about to launch on the other.
And it is, that's why nobody ain't gonna sell sh-t. I would buy shares now if I had a few bucks. You'll see soon
Thought completions was good revenue making deal for WFT........
Whaaaat they gonna sell a product line??? Can't sell completions, no one will but a shut down and money losing operation . Maybe we should sell the supply chain group since they are sooooo good!
Right BKR thank you
Not BHI but BKR
Well once again it falls into BHIs lap.
If I had a nickel for everytime I heard NOV, or HAL, or SLB is buying some divisions, I would have enough for like at least 10 Weatherford shares!
announcement will be made in the next two weeks.
Hell buy it all. 20 cents on the dollar. 30 cents if nov doesnt have to take personnel
Maybe they will buy Drilling Services too.
Oh lord. I hope this doesnt include fishing and rental. F&R is a huge pain in the a–.