Thread regarding Weatherford International Ltd. layoffs

With Oil under 50 for some time now and much of CA on steam as well as a discounted rate owing to the API of the crude - do you see a company managed the way Weatherford is making it?

What is the average lifting cost vs crude value? Seems I recall post in the past expressing, very strongly, that the management at that time was inept. Has that changed at all and have they recovered from the damage done.

I would think that with WFT in cash flow crises, that any products would be diverted to more profitable areas such as the Permian. I mean, you only got a dollar to spend - where you going to spend it to get your ROI?

They are shutting down most of the pacific area. That is why they are not shipping

Hopefully they kill off corod.

Same as the rest of WFT - cut the fieldhands, add managers, and wait for the end. Be proactive, you see what is coming don't wait until it hits you and you have fewer options.

Nobody wants to go to bakersfield