Weatherford International Ltd. (NYSE:WFT)
CAPS Rating:
Weatherford International provides equipment and services used for drilling oil and natural gas.
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Weatherford International provides equipment and services used for drilling oil and natural gas.
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Internal controls on financial reporting weigh heavily on this company. It will continue to decline until all is sorted out. The Six Swiss Exchange has given them until December 17th to sort things out.
Accounting irregularities equal sell.
The percentage of completion contract in Iraq will continue to hold this stock back.
If December 17th comes and goes, this stock could really move (down).