Weatherford International plc WFRD

Energy Oil & Gas Equipment & Services

Weatherford International plc is a global energy services company. It provides equipment and services used in the drilling, evaluation, well construction, completion, production, intervention, and responsible abandonment of wells in the oil and natural gas exploration and production industry as well as new energy platforms. It operates through three segments: Drilling and Evaluation (DRE), Well Construction and Completions (WCC), and Production and Intervention (PRI). DRE offers a suite of services, including managed pressure drilling, drilling services, wireline, and drilling fluids. WCC offers products and services for well integrity assurance across the full life cycle of the well. It offers tubular running services, cementation products, completions, liner hangers, and well services. PRI offers production optimization technologies. Its offerings are intervention services and drilling tools, artificial lift, digital solutions, sub-sea intervention, and pressure pumping services.

NDAQ:WFRD - Post by User

Weatherford International plc > Stop trade

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Comment by ALTELon May 13, 2019 6:02pm

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Post# 29742487

RE:Stop trade

i suspect it is halted.....massive dillution on the way

unsecured debt holders are trading their debt for stock...... $7.4 Billion worth of shares

i am not a shareholder ..... just follow the company, my son has worked for them for 25 years, no word on layoffs yet

"Under the terms of the Restructuring Agreement, the Company's unsecured noteholders would exchange approximately $7.4 billion of senior unsecured notes for approximately 99% of the equity in the Company and $1.25 billion of new tranche B senior unsecured notes"

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