All this talk about bankruptcy makes me wonder....
Moving Packages & business units getting sold off or shut down
Rumor has it, there will be a bankruptcy / restructuring soon. If you took a moving package and your group is sold off, do you owe the company the money back if you go work for another company? Have any business units been shut down and not sold off? — read more
California about to have Cutbacks and Closures
New regime closing 2 facilities and cutting back 25% of what's left.
When will POS go bankrupt? It is a matter of time.
Only incompetent fools are left at the company!
Weatherford Santa Paula
Is it really that hard to take care of your employees that have stuck it out through furloughs , layoffs etc etc and maybe give them raises or some kind of praise for not jumping ship before you hired 3+ new employees and supposedly more new hires... — read more
Weatherford Fraud
In an SEC filing Tuesday, Weatherford said it agreed to settle without admitting or denying the charges. ... The SEC specifically named James Hudgins, who was Weatherford's vice president of tax, and Darryl Kitay, a tax manager, for making the... — read more
Weatherford Layoffs 2017
I can tell you that rumors are flying around about job cuts in Geneva.
Singapore to close
Talk at office today is that they will shut Singapore now that they have given our drop kick VP MENA as well as APAC. The Indian Madia will drive us off the cliff.
WFT is Doomed.
Doomed, Doomed
Weatherford Is Insolvent By $4 Billion
http://seekingalpha.com/article/4025042-weatherford-insolvent-4-billion (insolvent means broke)
Schlumberger's Management Is Calling This the Bottom for Oi
For several quarters, Schlumberger's (NYSE:SLB) management team has probably been the most pessimistic about when the recovery for the oil and gas market might come. Yet after a couple years of pessimism, the company's executives seem to think that... — read more
Should I invest my WFT bonus in WFT shares ?
They look cheap.
no more frack
So now I here that frack is gone too. What a shame. So how much can you buy a blender for when there is thousands of them for sale.
The lumbering WFT dinosaur is heading for the cliff edge and total extinction.
Doomed, no turning the clock back
401k Match
So does all this borrowing and stock stuff mean we'll be getting our 401k match back in January?
Robbing Peter To Pay Paul? Weatherford raised $630 million in equity and $2.7 billion in debt securities in the first half of 2016 and now $560
http://seekingalpha.com/article/4023574-weatherford-robbing-peter-pay-paul Robbing Peter To Pay Paul? The $500 million debt raise amounts to robbing "Peter to pay Paul." A Q1 2015 $395 million principal payment amid cash burn is what triggered the... — read more
So the industry is comparing us to Bernie Madoff now?
http://seekingalpha.com/article/4024052-oils-bernie-madoff-seeks-another-1-billion
Will WFT be "belly up" before the New Year ?
Many Institutions think so.
Hmmm, WFTQ...?
Why would they send out financial audit letters to all that they owe money to? Asking how much they made and how much they're still owed? Why consider canceling all the approved vendors but 3? Is petition really in the works?
Weatherford Names Dr. Bernard J. Duroc-Danner as Chairman Emeritus
Yeah. That's just fabulous news. At least he won't get paid. Not that he needs any more money.
Same doom predicting posters
Over a year since I've been on this site just came back to see what you all think of Krishna the new CEO seems nothing has changed here just the same old posters predicating doom as usual.
WFT reminds me of Titanic - BDD was the ship builder that left the boat and stayed alive
while everyone else stayed on and drowned. I guess Krishna is Jack and WFT is Rose...except Rose ain't growing old in this one, boys.
Getting real bad. End game in sight for WFT.
http://seekingalpha.com/article/4023574-weatherford-robbing-peter-pay-paul#alt2
HR why?
Why haven't HR announced the 2 new VP's to the rest of the business, you know we would find out and still the rest of us out there are not allowed to promote people in our product lines
Will BDD be the OIl & Gas czar in the Trump Administration?
he's shown that he knows how to screw his own employees, so why not the rest of the United States?
Bernard Duroc-Danner
A solid respected hardworking CEO at WFT.