Thread regarding Weatherford International Ltd. layoffs

NOV Buying WFT MPD & COMPLETIONS divisions!

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Post ID: @OP+14NRr0fF

23 replies (most recent on top)

Even if there was a buyer, wft would screw up the deal and wait too long to react.

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Post ID: @pgmf+14NRr0fF

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

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Post ID: @nwsv+14NRr0fF

Thanks for the heads up, then they better hurry up or won't be s-t to sell nor merge...

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Post ID: @amyu+14NRr0fF

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.

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Post ID: @ajjn+14NRr0fF

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?

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Post ID: @8ots+14NRr0fF

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.

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Post ID: @5abx+14NRr0fF

What company would put themselves in that much debt in a downturn?

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Post ID: @4ctb+14NRr0fF

Thanks for the tip BDD.

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Post ID: @3fej+14NRr0fF

Quarter dollar up now and raising, you're missing the chance to buy a big house...

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Post ID: @3eik+14NRr0fF

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.

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Post ID: @3txg+14NRr0fF

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

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Post ID: @3uaw+14NRr0fF

Thought completions was good revenue making deal for WFT........

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Post ID: @2jry+14NRr0fF

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!

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Post ID: @2vgg+14NRr0fF

Right BKR thank you

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Post ID: @2tfr+14NRr0fF

Not BHI but BKR

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Post ID: @2cqp+14NRr0fF

Well once again it falls into BHIs lap.

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Post ID: @2xbn+14NRr0fF

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!

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Post ID: @1zjs+14NRr0fF

completely false....

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Post ID: @1jpq+14NRr0fF

announcement will be made in the next two weeks.

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Post ID: @1byk+14NRr0fF

Hell buy it all. 20 cents on the dollar. 30 cents if nov doesnt have to take personnel

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Post ID: @1vnc+14NRr0fF

Maybe they will buy Drilling Services too.

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Post ID: @yaa+14NRr0fF

Oh lord. I hope this doesnt include fishing and rental. F&R is a huge pain in the a–.

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Post ID: @wwy+14NRr0fF

Source?

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Post ID: @len+14NRr0fF

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