What is happening to the northeast. TP leaves the same time RH leaves to start a new branch for a drilling services company. Now the other manager puts in his 2 weeks. Rumor is building a new shop in one of our vendors buildings. If we loose this... — read more
When will it end
What I want to know is how we are still open. When will the end come? No plan has been laid out for any of the employees and it’s so unfair to everyone putting in their time. They have to make a decision here, bankruptcy or selling something or just... — read more
WFT Labs
I hate this company so much. They promised us raises, but its never going to happen. Spend your day applying to other jobs people.
Bonus payout and merit increases?
Is it true we will get both of them in April?
120Days
That’s right 120 till our vendors get paid. Tell your bank that or better yet your mortgage company. Come on now let’s try and survive on their backs.
Critical 2018
Necks!! SLB managers are leaving Weatherford soon Please focus on 2018 revenue & objectives. Keep up Weatherford builds
February 2018 Layoff
Huge layoff in February. 100's in Louisiana and Texas were let go in tbe name of company transformation. This company is in its death spiral letting people go, severely restricting purchasing, mandatory supplier price reductions on top of a 120 day... — read more
Which two Business Units will it be??
As we move into March and near the close of Q1, any word on which two BU's will be sold off to make up the 500M that was put out there on the Q4 conference call? It was said they would get it done in Q1 so folk have to know by now which ones it will... — read more
Friday, more like Radarcard-day
Fill out a Radar card today. Because it's the safe thing to do.
Good news
The stock rose today, not because the dead cat but.....On Wednesday Weatherford announced a multi-step debt financing plan that will take some of the pressure off. Its shares jumped by 8% on the news to nearly $3 per share (they later eased back to... — read more
Rumor about OT
I heard overtime is going away for you hourly losers. Thank heavens because you guys were making too much money , and the salaried positions deserve more.
What going on at Kingwood Location
I heard they are going out of business
Downgraded, due to what every employee knows
Weatherford International Plc (NYSE: WFT)'s business is left severely impaired after two decades of mismanagement, poor execution and a culture unaccustomed to accountability, a Barclays analyst said. The price target has been slashed from 6 to 3.50... — read more
Stock clinging to life
The body is alive but is on artificial life support. The tiny blips are just what's left of a pulse. Probably best to check back in a few months for any signs of recovery. We have all been through so much, pull the plug Doc.
Buddy-Select-Buddy - Buddy-Promote-Budfy will not be able to drive any change
Take care of each other and sink the cruise ship....
Too much debt can’t be good for WFT.
Looks like they’re going to lose the fight. They’ve struggled for a few years with different tactics that just don’t work. Going to be a lot of people screwed over pretty soon.
Bye bye Weatherford
So glad to see this a-- of a company going to the dogs!! Be nice to see a few of the people I didn’t have time of day for getting sh-- all when it does go as well!! Jumped up Manager wannabe’s!!!!
What is going to happen
I would like to know serious thoughts on what will happen to the company in the next couple months. Surely we cannot survive at stock under $3 a share. Will they go bankrupt? Are the rumors true about the sell offs? Will they do more layoffs... — read more
What about that new drilling steering tool?
Was it cancelled? Is it late? How late? Wasn’t it going to be available in 2017? Bag holders want to know.
WFT trading below 3.00
Should I buy now?
Stock is hungover
Currently 5 cents over the 5 year low. Barffff
Another trip to HR
Well it looks like I will have to make another trip to HR about my supervisor. Why can he not learn and change his ways.
ESPP
Should I enroll in ESPP or actually flush my money down the toilet ?
Baird Court
Heard they shut the pump plant down. What happened?
Radar cards
Did you ever hear the joke about the WFT employee who didn't fill out a Radar card? Me either, because there's nothing funny about that at all. Save the world, fill out a Radar card.
Bonuses
The list of companies giving out bonuses, raises, and stock to their employees grows by the day. It severely tees me off to be told 'I'm lucky to have a job' by WFT. No raise in FOUR years. I've got my resume circulating and I'm knocking on doors.
Don’t figure
Why is it that a major UK business can be made bankrupt with £1.2B of debt but company like WFT with allot more debt than that can continue to survive? It doesn’t add up!
Weatherford Going Bankrupt without a doubt !
Fact - Total Assets = 12.013 billion. But that includes 2.346 billion Goodwill. Which is the amount they overpaid for all the companies they bought over the years. Fact - Total Liabilities = 10.685 billion. So total assets are actually 9.667 billion... — read more
Does this fit your location?
https://www.inc.com/marcel-schwantes/6-sure-ways-to-tell-if-you-work-for-a-toxic-company.html
Get Out!!!
Is it true in West Texas under the Balog Regime there hasn’t been any raises in 4 years? Let’s get rid of all the good help and bring in noobs at a higher pay and see how that goes.
WFT stock
A stockbroker, cold calling about weatherford stock, found a taker. "This one is really going to move," the broker said. "It's only a $1 a share." "Buy me 1000 shares," said the client. The following day, the stock was at $2. Seeing this, the client... — read more
Employee Bonuses
Since the passage of President Trump's tax package multiple companies have announced one time bonuses for their employees...EVERY employee. I keep waiting for Weatherford's announcement of our two or three thousand dollar one time bonus...but dang... — read more
D
D
Are clients feeling uneasy?
So how are clients reacting to the state of Weatherford? I know that when I was there many were attempting to leverage the difficult times and forecasting a lot of work and agreeing to give it to Weatherford for a lower price in return. However, in... — read more
From Market Realist online
Recommendations for Weatherford International Currently, ~78% of Wall Street analysts rate Weatherford International (WFT) a “strong buy” or “buy,” and ~19% rate it a “hold.” Around 3% of analysts have “sell,” or “strong sell” ratings on the stock... — read more
Surprise Schlum Sale
What will be the outcome here? It seems like this was a major component of the biz
Labs Townhall Friday
What’s going down on Friday? Another pep rally denying the inevitable or something more sinister?