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Weatherford International plc WFRD

Weatherford International plc is a global energy services company. The Company is engaged in providing 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. PRI offers a suite of reservoir stimulation designs, and engineering capabilities that isolate zones and unlock reserves in conventional and unconventional wells, deep water, and aging reservoirs. Its platforms include ForeSite, CygNet, and CENTRO.


NDAQ:WFRD - Post by User

Comment by BillyBoBob1on Sep 20, 2019 6:29pm
283 Views
Post# 30150204

RE:RE:RE:What now?

RE:RE:RE:What now?Per my understanding. that is correct.

What is more important is that your total cost in the 10000 shares reduced to 100 will be the same AND your per share cost will increase by 100 times. 

If your cost now is $1 per share. It will become $100 per share.
You can make your own guess as to how long it will take to recover.

If the market price is low as it is now after they issue new shares, you might be able to average down. But you will have to buy a lot of shares to reduce you per share cost to a reasonable number.

Even a new buyer at .04 now, may have a problem when his cost goes to $4 per share.

Certainly, when they exit BK, the price will go up some.

But how long will it take to go up 100 times- probably years.
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