If WFT do not make some drastic changes before the holidays this ship will sink and sink it will. I do know how they are not going be able to meet Q1 of 2018 target (March). The bank / banks / investors are not going to be to happy. They could recall (Rumor has it they will) a large portion of its loans and that could sink the company overnight. I think today we are around the 7 billion mark in Debt. What is the company worth? 8 to 9 Billion on a good day? Maybe less now the share price is hovering around 3.21$.
I expect we will see at least another 5000 staff drifted before the holidays and several bases closed. That should get them down to around the 10K mark and cut some more operating costs.
Some bases around the globe have pending legal cases, equipment has been captured by the courts. This is how bad the situation is now going into November for unpaid debts.
People who work for Weatherford are in denial. I thought schlumberger were good at brain washing its staff but they have nothing on Weatherford in 2017.