It has always amazed me that loss is reported on financials and laying off hands to "survive ", but they still get bonus.
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Remember that your senior leadership does not get to make the decision to sell or not, that belongs to the bank(s) at this point. Your leadership gets to pretend that they run things, however beyond the day-to-day stuff they have to attempt to convince a team that is tired of hearing their stories.
Go find the few folks at SJP that have any M&A experience or have worked on the DD, if they are not in the basement out of sight than nothing is going on.
Who would want to be a debt laden company ?
Acquisition of physical assets, not people. Ya'lll are SOL.
It all depends on how much Weatherford offers NOV to get taken over I suppose.
A company would want to buy wft for uh. The proud name and the halliburton red color!
I dont think wft has much negotiating power. Probably just saying "we dont want your personnel" but we will give you a pittance for your rental tubulars
Weatherford is not going to survive as currently configured so I'm sure they are in talks with multiple companies about selling off assets.
We are asking, and GZ managers do not tell nor deny... "We're open to, we can't disclose if we are, there will be consideration for such options if downturn continues..."
There has to be consolidation in the industry. It’s possible.
Unlikely. Why would any company want to buy WFT?