Weatherford is at a point where it would be a mercy to put it out of its misery. We are turning into a Sears of our industry - just putting off the inevitable with a bunch of band-aid measures that will mean nothing in the end. Fixing everything that is wrong with this company would require a miracle, and I'm pretty sure we are out of those.
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They said wft wireline ran 3 chemical cuts and couldnt cut the tubing. Gyrodata cut it first time. WTF
Wft is full of sh– too!
Right. They bundle it like u say and next thing you know someone else is on location like hapoened to me the other day they ran wft wireline off and brought gyrodata in and said if we dont like it they will us all off. I have a firm offer from baker in indonesia
Sales always falls for that c-ap. Or they offer discounts if they bundle different product lines and when discounted the customer still don't use all product lines like agreed upon and the product lines lose money.
Bleed this pig and collect my bonuses. Drive it to the wheels fall off!
Im too smart to be a salesman
So Liferdog? You admit falling for it as a top mgmt salesman for a dying company? HA! I knew you were a s—er! You are part of the problem!!!
Wft management fell for the oldest trick in the book. Oil companys tell service companies "we are going to drill 800 wells and you can have all the work if you lose all you can plus plus 10%....and wft worm salesmen fall for it
Weatherford will only end when the debt bubble ends. The availability of cheap debt allows uncompetitive companies to remain in business when they should have went out of business years ago. The fact they still exist creates price deflation in the industry and so all companies struggle because the weak never go bust.
However, if the debt bubble were to end, it wouldn’t just be Weatherford that would implode, many industries would collapse also.
Happy Friday y’all!