The Weatherford boys spared no expense this time around. Company is 8 billion dollars in debt. They can’t pay critical vendors on 120 day pay but they can go all out on the Oil Show Booth. Got to keep the facade up. Wouldn’t want to be perceived as the d---beat company it is. What a joke. Everyone point and laugh as you walk by on Tuesday. Or better yet ask for all the money they owe your company.
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Lol they were supposed to show up to the Texas A&M Career fair and cancelled last minute
On track for profits huh? You do understanding how debt and interest on that debt works right? Weatherford might start operating in the actual profit area around 2020. All that means is they would no longer be adding to their debt. They are $8 billion in debt. That’s a billion with a B. The interest alone on that debt is insurmountable, let alone paying down the principal of that huge debt. Leadership is doing its best to shine up everything they can in the hopes of drawing interest from others to purchase product lines one by one. Creditors continue to let refinance their debt because some money is better than none. It’s kicking the can down the road as long as they can until they simply cannot any longer. If you think there is a happy ending for anyone other than the top brass at Weatherford you sorely mistaken.
WFT is on track of profits.
Champagne taste & beer money or even no money