For a company with a long and unfortunate history of disappointing its shareholders, Weatherford International
has come back strong on the back of a comprehensive turnaround and
restructuring plan that is seeing the company sell or spin off lower
margin and less competitive businesses. Weatherford is by no means
finished with this process and still needs to prove that it can maintain
its leadership in areas like tubular running, cementation, and
artificial lift as well as improve operations like pressure pumping.
Even so, and despite a good run over the past year, these shares still
hold some appealing upside.
Continue reading here:
Weatherford International Rebuilding Trust, but Needs to Rebuild the Business
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