What I meant to say was that if oil and gas prices stay low, say under $60, WFT might have to raise money by selling convertible bonds, driving common share prices lower, possibly to $2 or even $1 if oil dips below 40 and interest rates increase. However, the dollar has been sliding and oil has the chance to move higher; this all could help WFT. For example, if oil prices go to $80-$90 per barrel, WFT would likely see a large increase in revenue and profits and share price could go to 5 or 10. RIG and DO seem to be in better positions, but they are suffering as well. Overall, the oil patch is in turmoil (on sale) at the moment. Your thoughts?
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Barclays analyst David Anderson downgraded shares of Weatherford from Overweight to Equal Weight and reduced the price target from $6 to $3.50...Mark McCollum, who took over the reins of Weatherford, is the "right man for the job,"...Feb 13,2018
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