Weatherford InternationalLike most other long term share holders, I am frustrated that 2008 did not produce any significant results, but I am still hopeful for next year.
The price of oil is not the reason for lack of sales since we have had very high high prices and no real sales. Oil companies do not base projected sales based on current price of oil, they project average prices over a very long period of time for determing purchase of capital equipment.
Weatherfords website describes itself as - "Weatherford strategically focuses on commercializing new technologies to enhance well productivity and
reduce production costs," commentedRichard Dalati, Global
Business Unit Manager for Weatherford's Heavy Oil Production Systems. "Wescorp's technologies will offer significant benefits to our clients by improving the recovery of residual hydrocarbons entrained in produced water, which are not usually extracted through conventional methods." Weatherfor would not be evaluating our water technology on two of their customers sites if they did not see the value.
The share volume has been fairly decent lately. Hopefully we are approaching significant sales in early '09.