Weatherford to announce the sale of the majority of their Artificial Lift (aka. Production) group at weeks end. Thus aiding to define what the vision for the future of the company will look like - something tells me there is a lot of dumb iron
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Not looking like fake news anymore.
I don’t know, when has WFT ever done anything on time. Likely drag this out and lose money on these transactions same as everything else.
So much for this fake news
I said this months ago at my plant and was chastised. Not that I care, I knew I was on the chopping block anyway. I've been out for 4 months and I don't miss the place at all.
So what exactly is production? Plunger lift, pumping units, automation? What parts are being sold?