Replies to post #495 on Weatherford International Ltd fka WFTQ

[benfrankledger]

$WFT Weatherford International (NYSE:WFT) agrees to sell its surface data logging business to Excellence Logging for $50M.

WFT says it made the sale to help refocus its portfolio on the businesses most closely aligned with its long-term strategy.

The deal follows WFT's recent sales of its laboratory services business for $205M and international land rigs business for $287.5M.