Weatherford International Ltd. (NYSE:WFT)
Weatherford International provides equipment and services used for drilling oil and natural gas.
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Steve Grasso suggests long
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green fracking??? WTF now all i need is a dividend!!!
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I've got gas.
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Is this stock ever going to recover? The company seems to be making money - the highest quarter in its history - but I am sure not.
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This company produces the oil drilling equipment that is needed in the new oil shelf plays in the Bakken.
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This stock is hardly expensive, it performed very well last quarter, it has tremendous upside. It trades between 60-70% of its peak stock price.
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Mistakes were made. Now it's an out-of-favor bargain relative to its peers.
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value
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Has to find its way with its debt.. But strong oil service company fundamentals.
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-Manageable debt.
-P/S=1.2 (compare that to Transocean with 2.1). If WFT can maintain similar margins then it has a big upside.
-PEG=0.
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As long as Obama is in office, oil will keep rising..
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good growth stock.
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Covestor Model Manager Mark Holder bought WFT in his Opportunistic Arbitrage Covestor Model ( http://covestor.com/Mark-Holder )
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Financials bad but with believe this company will rebound
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Recently had accounting issues which dropped the price. Hopefully this is a short term price drop and a great by price today March 7, 2011
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Books may be cooked, but the outlook for a short term rebound is good. This is an older, established oil service company, not a fly by night .com. They should rebound, and with oil climbing even a leaking boat will float.
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High Vol. Energy
Current Price $17.60 Mkt Cap $13.04B
Open $0.00 P/E Ratio 341.80
Prev. Close $17.36 Div. (Yield) N/A (N/A)
Daily Range $17.24 - $17.61 Volume 12,605,071
52-Wk Range $12.34 - $20.88 Avg. Daily Vol.
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Early investment in Iraq plays huge dividend as Iraq achieves political stability over the next (12) months.
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Has a wide-range of quality expertise in an industry that will see no fall in demand in the near future. Their recent addition of Oiltracers LLC only adds to the immense professionalism and effectiveness of this company.
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WFT has been hammered with the rest of the drilling sector because of the BP spill but WFT gets almost all of its revenue from other places in the world
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