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re: When did Weatherford become such a shitty stock?
Posted on 1/2/19 at 9:17 pm to saintforlife1
Posted on 1/2/19 at 9:17 pm to saintforlife1
I knew several people that worked for them in Houston. They were all gone by 2015, but the writing was on the wall before then. They were overleveraged in 2015 downturn and got murdered.
As someone said above, they borrowed too much and threw it into wasteful ventures.
As someone said above, they borrowed too much and threw it into wasteful ventures.
1
Posted on 1/3/19 at 8:10 am to mule74
I distinctly remember back in the day when "Wedahfut" and Schlumberger were seen as peers. The baws down at the shop in Broussard always spoke in glowing terms about them. Sad...
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