Is under $2 the point of no return?

New intraday low of $2.09! WFT stock getting soo close to that $2.00 mark. $1.99 and it is bye bye for sure. Anyone who thinks WFT can pull out a good earnings report is ludicrous. More sell off's of important product lines, more layoff will cost so much more in Severance costs and Non-Recurring Costs they will have to report on the Quarterly Earnings report in April or May. Q1-18 is going to report a horrible number with the full year still reporting a huge loss in cash flow. I can guarantee it...

People seem convinced that Weatherford stock falling under $2 spells certain doom for the company. I'll admit I don't know much about the workings of stock market, so I was wondering if somebody could explain if that is true?

Comment! It's anonymous!

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we all have already witnessed WFT ability to screw up an asset sale! Why does this group think they learned something they have not been able to do for decades?

I would agree that once they start parting this thing out we should see a tick up.

Shares of Weatherford International PLC (NYSE:WFT) closed Thursday up more than 12% on the heels of some positive commentary about the oil services company from analysts.

So what

On Wednesday, an analyst from Jefferies upgraded Weatherford's stock from underperform to hold, and gave it a $2.50 price target, which is still a few cents above where shares were trading this afternoon. Driving the decision to upgrade was the analyst's view that the prior stock price reflected low expectations for the proceeds the company will receive from asset sales.

The financial institutions are a big part of the shareholders. If you have invested millions into wagons full of snake oil you are going to be pulling into every berg and town pelting your wares until they are sold.

I pulled up a price chart dating back to 1973. WFT was under 1.00 until approximately Aug 1989. I did not nitpick. The high was slightly more than 40.00 around February 2008 and subsequently the stock has been on a downward turn since. It's not unusual for a company to be a penny stock. What matters is what the 'captain of the ship' is going to do. That being said, WFT is in so much debt it's difficult to see how it will turn around. And THAT being said, there are many analysts out there who are positive on the stock (it escapes me as to why) and are calling it a buy. I hope this helps a little.

Thread regarding Weatherford International Ltd. layoffs

Is under $2 the point of no return?

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