Do as of 05/23/16 today is Weatherford laying off in Greenville Tx
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This is what's happening. Our suppliers know what's going on. AND THEY ARE STARTING TO ASK FOR PAYMENT UPFRONT! We don't have the cash liquidity to pay our suppliers. I know first hand.
What is a worse investment? Spending 3.5 billion to not buy Baker Hughes, or spending 4.5 billion to buy all the shares in WFT?
Because Danner is a dumbass. He needed to go long ago, he and the rest down to the middle managers.
Weatherford is going belly up. It is time to jump over the side. Good luck catching another passing ship.
Because WFT is actually insolvent. The market is voting. Simple!
Kiss'er good-bye folks!
I can't believe anyone would still own WFT stock, If you do I guess you deserve what you get.
Technip and FMC merged making TechnipFMC the 3rd largest oil and gas servicing company worldwide. Maybe that is the reason.