not good, not good
https://www.chron.com/business/energy/article/Weatherford-postpones-release-of-first-quarter-13827689.php
3 replies (most recent on top)
The company might have needed more time to fix an error discovered in the release. However, that doesn't explain why it didn't also reschedule the quarterly conference call. That left investors to speculate that Weatherford might not be able to discuss what's in the report. There could be a range of reasons for this, including scheduling conflicts that it needs to work out or because of a corporate action such as a decision to file for bankruptcy or a merger with another entity.
just hang up until Friday and you will know it.
Either way, i don't see anything good coming up for WFT.
For sure it will become a Case Study in overpriced pretending #1 MBA schools on how NOT to manage a company. Too many examples to learn from-
Are we dead in the water? If I’m honest it will be a relief to get it over with.
Restructure the debt, give the bankers some payback and ‘hopefully’ have a company that is able to operate normally again.