Weatherford (NYSE:WFT) Appoints New CEO From Halliburton

Weatherford International PLC (NYSE:WFT) appointed a new CEO, Mark McCollum, only four months after the sudden departure of Bernard Duroc-Danner the previous CEO. The new CEO comes from a C-level executive in Halliburton Company (NYSE:HAL) Appointment roles McCollum was the Chief Finance Office in Halliburton. He is expected to report with immediate effect to his […]

Weatherford International Plc (NYSE:WFT) 2Q2016 Revenue At $1.40 Billion

Weatherford International Plc (NYSE:WFT) reported that revenue for 2Q2016 came at $1.40 billion against the revenue of $1.59 billion in 1Q2016. Also, the second quarter revenue dropped 41% from the same quarter, a year earlier. The industry has hit a bottom on the pricing as well as activity fronts. Clients have begun to identify that […]

Weatherford International Plc (NYSE:WFT) Collaborates With International Business Machines Corp. (NYSE:IBM) On Production Optimization Solutions

Weatherford International Plc (NYSE:WFT) has announced that it signed an agreement that will allow it to team up with International Business Machines Corp. (NYSE:IBM) to create the next generation of production optimization solutions. The two firms will work together to develop new products and services that will be used by oil and gas producers to […]

Weatherford International Plc (NYSE:WFT) Cancels Fund-Raising Measures

Weatherford International Plc (NYSE:WFT) abandoned its initiatives to raise nearly $1 billion in cash after investors abandoned its stock, indicating that Wall Street’s affection with energy finance is declining along with expectations that oil prices will surge anytime soon. Earlier in the week, the company revealed that it intended to sell a combination of convertible […]

Whiting Petroleum Corp (NYSE:WLL) Affected Due To Cancelled Fund Raising By Weatherford International Plc (NYSE:WFT)

Weatherford International Plc (NYSE:WFT) recently called off its efforts to raise funds worth $1 billion after investors pulled down the stock. Whiting Petroleum took the decision in a hope that the Wall Street will drift away from the preference of energy finance and the oil prices will climb soon in the near future. The decision […]

Weatherford International Plc (NYSE:WFT) Stock Decline On News Of Convertible Debt Issues

The stock price of Weatherford International Plc (NYSE:WFT) declined more than 14% on Monday’s trading session, after the company reported the issue of concurrent underwritten public offerings of obligatory exchangeable subordinated notes and stocks for a combined amount of nearly $1.0 billion. The company confirmed that it plans to use the capital to pre-fund future […]

Weatherford International Plc (NYSE:WFT) – May Test $17 In The Short Term

Weatherford International Plc (NYSE:WFT), the oil and natural gas company, ended the last session with a gain of 6.28% after four consecutive trading sessions in the red, after it announced plans to lay off a few thousand workers more, saving $640 million a year for the company. It may shred 18% of its 49,000 strong […]

Weatherford International Ltd (NYSE:WFT) In An Agreement To Reduce The Energy Cost In The Oilfields

Boston, MA 05/28/2014 (wallstreetpr) –  Weatherford International Ltd (NYSE:WFT), one of the leading multinational oilfield services company s provides innovative solutions and technological services to the gas and oil industry across 100 nations worldwide. On May 14, 2014 the company singed a global agreement with TechnoWise. Agreement between Weatherford and TechnoWise: The TechnoWise Group had […]

Weatherford International Ltd. (NYSE:WFT) Continues To Outperform Says Credit Suisse Report!

Boston, MA 04/29/2014 (wallstreetpr) – In a world where there are hundreds of companies that come into existence each year and get disappear even sooner, Weatherford International Ltd. (NYSE:WFT) continues to outperform the market. There are several oil and gas manufacturing companies spread across the world, but the recent downturn in oil and gas industry has forced […]

Weatherford International Ltd (NYSE:WFT) Eyes $1 Billion In Asset sSales

Boston, MA 04/28/2014 (wallstreetpr) – Weatherford International Ltd (NYSE:WFT) may not be the best company when it comes to the track record in meeting performance expectations. Nonetheless, it has exceeded or met Wall Street expectation in the recent past three or so consecutive quarters. The company expects its strong performance to be the norm as it […]

Weatherford International Ltd (NYSE:WFT): Need To Re-Strategize

Boston, MA 04/25/2014 (wallstreetpr) – One of the biggest providers of services and equipment used in the production, drilling and allied process across the world Weatherford International Ltd (NYSE:WFT) is grappling with losses. Recently Weatherford announced its 1Q2014 results, which turned out to be below expectations leaving the company to critically re-think about its upcoming strategies […]

Weatherford International Ltd (NYSE:WFT): Back To The Pavilion

Boston, MA 04/10/2014 (wallstreetpr) – Weatherford International Ltd (NYSE:WFT) has continued to be in the same position. The company always had a “neutral” rating on its stock, which was reiterated on Friday. The company again got a “neutral” rating on its shares as was revealed on Friday. Price targets upgraded With the recap of same rating […]

Wall Street Breakfast: Taiwan Semiconductor Mfg. Co. Ltd. (ADR) (NYSE:TSM), Weatherford International Ltd (NYSE:WFT), Rexahn Pharmaceuticals, Inc. (NYSEMKT:RNN)

Boston, MA 03/04/2014 (wallstreetpr) – Taiwan Semiconductor Mfg. Co. Ltd. (ADR) (NYSE:TSM) which has announced ordering machinery equipment that is worth approximately $17.80 million, will have its executives at the upcoming technology conference in Taiwan. The company announced that it will hold one-on-one meeting sessions with interested investors during the Bank of America Corp. (NYSE:BAC) […]

Suburban Minerals Corp (OTCMKTS:SUBB) And CAM Look Ahead This Quarter

Boston, MA 01/30/2014 (wallstreetpr) – Suburban Minerals Corp (OTCMKTS:SUBB) earlier known as Lexington Energy Services Inc, is the US based oil equipment and services major which operates through three subsidiaries – Lexcore, Leccoil and Nitro Gen Technologies Inc. SUBB is essentially a leasing and operations facilitator offering coring units, coiled tubing services as well as […]