WFT will NOT sell TRS or ALS now. They WILL have to sell one or the other later. This has always been the case (well for the last 4 years anyway). The other PL sales will not retire enough debt. It is a difficult choice. ALS sale kills NAM. TRS sale kills international. Both PL have issues and both need work to unlock potential value. The other PL are somewhat disposable, but as we have seen with labs, their sale will buy time but not put a dent in the debt. Rentals is not really a viable sale- it is a write off. FRE is worth something - but not much. WLS/ SLS/ LH same.
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Ding Dong couldn’t organize the sale. Someone must be helping.
Im hearing cementing products and liner hangers are being shopped around.
your hoping SLB will buy both.....
Dean Bell will lead TRS right into the ground. Why is this guy at Weatherford and the id--ts who put him in the position to doom the product line will get what they deserve. Bankruptcy!
There simply is not enough remaining value in the company's product lines to retire its debt, or make it a manageable level. Especially if actual inventory value is lower than currently represented. This is why stock value is almost zero. This is why restructuring is needed.
I agree but im betting big slb will buy both