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A couple more awards and the share value should drop to $.00. What is up with that!?
Oil service companies saw upgrades to buy and price target increases this morning. Yet Weatherford pps continues to slide. We are going to wake up one day to a headline that a major investor has bought up a huge chunk of Weatherford and the share price will be up 80% that day and then another 40% the next day. There is no valuation model that would show this is anywhere near fair value at these levels. This is worth 5x where it trades and I think that’s what we will get when they emerge from the BK. Just have to sit and wait.
Added this morning also (8>)
I agree...You just don't see many multi-billion$ companies at $.02.
All is see is upside with this one.
Somehow everyone is missing the boat on this one or we are missing something negative. The shares could triple today and I would still be buying. The business is operating just fine and they are shedding debt. What is not to like about the story? They’ve already confirmed that common holders will not be wiped out when they emerge from BK. Little risk and lots of reward in my eyes.
Even Better News....another $67 mil contract sealed. Now when are all these new multi-million$ contracts going to push up the pps?
News Out - Weatherford Wins Three "Best of the Year" World Oil Awards for Completions, Production and Digital Oilfield Technology Innovations
Named One of Canada's Safest Oil and Gas Companies
Weatherford logo. (PRNewsFoto/WEATHERFORD INTERNATIONAL)
NEWS PROVIDED BY
Weatherford International plc
Oct 23, 2019, 16:20 ET
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HOUSTON, Oct. 23, 2019 /PRNewswire/ -- Weatherford International plc (OTC-PINK:WFTIQ) was honored with three 2019 World Oil Awards for its industry-leading completions, production, and digital technologies during the annual awards ceremony held October 17, 2019, at the Houstonian Hotel in Houston. Separately, Weatherford was named one of Canada's safest oil and gas companies for the fifth time.
For its "Best of the Year" technology awards from World Oil, Weatherford was recognized for the following achievements:
Best Completion Technology: TR1P™ Single-Trip Completion System
The world's first and only remote-activated, single-trip deepwater completion solution.
Best Production Technology: Centrifugal Jet Pumps
Pairing proven equipment with the world's first jet-lift intelligence, this technology drives jet pumps as a primary form of lift, meeting electric-submersible-pump (ESP) productivity and cutting OPEX to a small fraction of ESP costs.
Best Digital Transformation Technology: ForeSite® Edge
Delivering Production 4.0 intelligence by autonomously optimizing oil and gas production, this next-generation artificial-lift automation technology provides increased production while reducing operating expense.
The occasion marked the third high-profile industry award for the TR1P single-trip completion system, which previously won a 2019 OTC Spotlight on New Technology Award and a 2019 Meritorious Award for Engineering Innovation.
"Weatherford is committed to developing the most visionary oilfield technologies in the industry," said Karl Blanchard, Executive Vice President and Chief Operating Officer for Weatherford. "The World Oil Awards recognize the industry's best and brightest innovations and innovators. We are proud to bring our customers cutting-edge solutions that deliver greater value by enabling operators to produce more for less."
Weatherford Named One of Canada's Safest Oil and Gas Companies
Weatherford has been named one of Canada's safest oil and gas employers by Canadian Occupational Safety magazine for the fifth time. Weatherford was awarded the honor from among hundreds of Canadian companies, with citation being noted for the company's dedication to a safety culture that promotes the health and well-being of its employees.
Weatherford was judged on a wide range of occupational health and safety elements, including employee training, OHS management systems, incident investigation, emergency preparedness and innovative health and safety initiatives.
"It is with great pride that we accept this award for the fifth time," said Frank Urquhart, North America Quality, Health, Safety and Environment Geozone Manager for Weatherford. "Weatherford has some of the most dedicated employees in the oil and gas industry. This award is testament to their commitment to the highest levels of safety and service quality every day."
About Weatherford
Weatherford is one of the largest multinational oilfield service companies providing innovative solutions, technology and services to the oil and gas industry. The Company operates in more than 80 countries and has a network of 620 locations, including manufacturing, service, research and development, and training facilities and employs more than 24,000 people. For more information, visit www.weatherford.com and connect with Weatherford on LinkedIn, Facebook, Twitter and YouTube.
Contact:
Christoph Bausch +1.713.836.4615
Executive Vice President and Chief Financial Officer
Karen David-Green +1.713.836.7430
Senior Vice President Stakeholder Engagement and Chief Marketing Officer
SOURCE Weatherford International plc
Related Links
http://www.weatherford.com
I keep adding a little every day. No reason to not have a little piece of the action when this emerges from BK. The company is going to have some value.
It’s worth 5x current price using simple math and valuation models. I don’t understand what is holding the price down. I would expect big players to move in and scoop up shares when an emergence from BK seems eminent. I could see Icahn buying the company for a few pennies and flipping the pieces in a few years for 20x return.
News out - Weatherford To Host U.S. Oil and Gas Industry's Only Production 4.0 Forum
Annual Enterprise Software Conference Assembles Energy Visionaries Dedicated To Advancing the Digital Oilfield
Weatherford logo. (PRNewsFoto/WEATHERFORD INTERNATIONAL)
NEWS PROVIDED BY
Weatherford International plc
Oct 07, 2019, 06:50 ET
HOUSTON, Oct. 7, 2019 /PRNewswire/ -- Weatherford International plc (OTC-PINK: WFTIQ) will present the U.S. oil and gas industry's only Production 4.0 forum during its Enterprise Software Conference (WESC) from October 7 to 8 at the Westin Houston at Memorial City. Energy visionaries from Amazon and Microsoft will join Production 4.0-driven oilfield operators, including Apache Corporation and Targa Resources, and management consulting firm McKinsey & Company, to discuss the role of digitalization in the near and long-term future of oil and gas production. WESC 2018 attracted more than 110 companies from the U.S. upstream and midstream energy sectors.
"Weatherford Production 4.0 products, including ForeSite® Edge, ForeSite® Platform, CygNet® Platform and ForeSite® Sense, activate field-wide intelligence to maximize production," said Manoj Nimbalkar, Weatherford Global Vice President, Production Automation and Software. "Weatherford delivers the future of production performance through next-generation automation, IoT infrastructure and advanced optimization software to boost production, uptime and efficiency."
Production 4.0 tools from Weatherford empower operators to connect the well, reservoir, and surface facilities for integrated asset management while also prioritizing operations with economic analysis. Industry-exclusive predictive analytics and instant intelligent alerts reduce failures and minimize deferred production while also generating instantaneous IoT notifications to minimize downtime.
Kyle Chapman, President of Production for Weatherford said, "WESC 2019 will give U.S. operators insight into best practices for accelerating Production 4.0 and transitioning from yesterday's conventional legacy systems to the future of production efficiency."
WESC 2019 registration information, speaker details and a daily program are available at www.weatherford.com/wesc.
About Weatherford
Weatherford is one of the largest multinational oilfield service companies providing innovative solutions, technology and services to the oil and gas industry. The Company operates in more than 80 countries and has a network of 620 locations, including manufacturing, service, research and development, and training facilities and employs more than 24,500 people. For more information, visit www.weatherford.com and connect with Weatherford on LinkedIn, Facebook, Twitter and YouTube.
Contact:
Christoph Bausch
+1.713.836.4615
Executive Vice President and Chief Financial Officer
Karen David-Green
+1.713.836.7430
Senior Vice President Stakeholder Engagement and Chief Marketing Officer
SOURCE Weatherford International plc
Related Links
http://www.weatherford.com
Volume increasing by the day and pps going in the right direction
$WFTIQ: Correct.... $WFTIQ is too big to FAIL
You have BP
You have Saudi Aramco.
You have some massive massive Assets that $WFTIQ possesses.
Surprised why Saudi Aramco doesn't just buyout Weatherford Outright
and sidestep the entire BK process.
Anyway.... super cheap here at $0.037
Sears went from from $0.02 to $0.50 in a 4days.
GO $WFTIQ
$WFTIQ: 5yr equipment deal with SaudiAramco is bullish
Like someone else said earlier, Sears poppped on some garbage news
This here is very bullish.
Saudi Aramco only the Largest Ever IPO coming and Weatherford is involved
https://www.weatherford.com/getattachment/06524e2c-8cc0-4dbf-a87c-42a4a8e34a53/Weatherford-and-Saudi-Aramco-Ink-Five-Year-Corporate-Procurement-Agreement.pdf
GO $WFTIQ
$WFTIQ: 5yr Deal with Saudi ARAMCO !!!!!!!!!
That'll light a fire under it for sure.
https://www.chron.com/business/energy/article/Weatherford-lands-five-year-equipment-deal-with-14448104.php
This could get to $0.50 easy.
GO $WFTIQ
Someone give it Viagra...
that must have been a supper sonic explosion, couldn't see it with the naked eye...more like poking a dead squirrel with a stick
Institutional investors (Tutes), that know what's coming long before retail.
Tutes knew long before that they were going to file BK.
why none of the other great news made it budge...
well, got some volume
because 100% of NewCo emerging from bankruptcy will be owned by debt holders.
Wow, nice news here....
Am I missing something? With all the great news lately why hasn't this budged? Sears flew from .12 to almost $3 on bullshit
it was looking good before the dump fest!!damn Qs are risky
How is the chart looking good? it just lost 21% today alone!
rsi nearing 50 to indicate bull mkt on daily ,could see a huge run when it shows over 50 tomorrow
WFTIF changed to WFTIQ, bankruptcy.
https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes
They are almost always cancelled at some point down the road once everyone gets their $. JMO
Doesn't say anything about shares though ?
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In 1972, the separate company of Energy Ventures, Inc. was founded as an offshore gas and oil exploration and production company.In 1987, Energy Ventures was liquidated and re-established and by 1990, had acquired Grant Oil Country Tubular Company.
In 1991, Weatherford acquired Petroleum Equipment Tools Company (PETCO). Weatherford and HOMCO later merged operations to create Weatherford Services, the largest oil fishing/rental company
in the world. In 1995, Weatherford merged with Enterra, becoming Weatherford Enterra Inc.
In May 1998 Energy Ventures, since renamed EVI, Inc. and Weatherford Enterra, Inc. merged, creating the current company now known as Weatherford. In the next two years,
Weatherford added a number of well-organized brands to its expertise, including Dailey, Orwell, Energy Rentals, Whiting, Williams, BBL and ECD Northwest. Weatherford also created
a stronger completion competence with the addition of well-known brands in the sector such as Petroline, Cardium, Nodeco, McAllister, Johnson Screens, Houston Well Screens, Arrow, and CIDRA.
In 2005, Weatherford acquired Precision Drilling Corporation’s Precision Energy Services and International Contract Drilling divisions.
In 2008, the company announced that it was shifting its place of incorporation from Bermuda to Switzerland. That same year, Weatherford completed its acquisition of V-Tech International,
a pioneer in the development of mechanical power tong systems in the North Sea to improve rig safety.
Company focus
As an oil and natural gas drilling services company, Weatherford produces a variety of products and services for the oil and gas industry. These include drilling services, electronic well
measurement and monitoring, completion, production, and evaluation products and services. In particular, the company has developed directional drilling services that can extend through
miles of bedrock with great precision, and tubular running services that are used on almost half of the world’s deepwater drilling projects. The company has more sand screen systems installed
worldwide than any other company, and production optimization systems in more than 100,000 wells around the world. Additionally, Weatherford is the industry’s only provider of all forms of
artificial lift. Weatherford also offers intervention, completion, and decommissioning services for well owners, in addition to pipeline precommissioning, commissioning operations, and one of
the world's most diverse fleets of inline inspection tools.
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