How Weatherford International's Management Thinks It Can Fit in Today's Oil Market
It seems that every two steps forward Weatherford International (NYSE: WFT) takes to get back to profitability, it takes at least one step back for one reason or another. This past quarter, the company started seeing better results in some parts of the business, but the same issues that have plagued it for years -- too many overhead costs, separate businesses segments with little overlap -- continue to eat into the bottom line.
After spending a few months on the job, Weatherford's new CEO Mark McCollum started to put together a plan to get Weatherford back on track. That plan is based on what he sees the oil & gas market doing over the next several years, and how the company can fit into that new market paradigm. Here are several quotes from Weatherford's most recent conference call that highlights where he sees the market going and what Weatherford can do with its current assets.
Image source: Getty Images.
Source: Fool.com
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