WFT
Weatherford International Ltd.
Energy
07/14/2014
Presented
| Date | 07/09/2014 |
| Price | $22.49 |
| Market Cap | $17.40B |
| Ent Value | $26.39B |
| P/E Ratio | N/A |
| Book Value | $8.99 |
| Div Yield | N/A |
| Shares O/S | 772.63M |
| Ave Daily Vol | 8,220,000 |
| Short Int | 1.95% |
Current
| Price | $90.74 |
| Market Cap | $6.64B |
| Weatherford International Ltd. provides equipment and services used in the drilling, evaluation, completion, production, and intervention of oil and natural gas wells worldwide. The company offers controlled-pressure drilling and testing services, including closed-loop, air, controlled pressure, and underbalanced drilling; drilling services, such as directional drilling, logging while drilling, measurement while drilling, and rotary steerable systems; and tubular running services, which consist of tubular connection and installation services for the drilling, completion, and work over of oil or natural gas wells. It also provides drilling tools comprising drilling jars, under reamers, rotating control devices, down hole tools, drill pipe and related tools, tubular handling equipment, and other pressure-control equipment; drilling and project management services; wire line services; re-entry, fishing, and thru-tubing services; equipment for cementing operations; liner systems, such as liner hangers; and integrated laboratory services; and surface logging systems. In addition, the company offers artificial lift systems that include reciprocating rod lift systems, progressing cavity pumps, gas lift systems, hydraulic lift systems, plunger lift systems, hybrid lift systems, and wellhead systems to produce oil or natural gas from the wells; stimulation and chemicals, including pressure pumping services, coiled tubing services equipment, and reservoir stimulation hydraulic fracturing services; and completion tools, such as cased hole and flow control systems, and well, industrial, and sand screens, as well as completion services, including upper and lower completions, and reservoir monitoring. Further, it provides services, such as inspecting, cleaning, drying, testing, improving production, running, or establishing integrity from the wellhead out, including integrated management services. The company was founded in 1972 and is headquartered in Geneva, Switzerland. |
Publicly traded companies mentioned herein: Weatherford International Ltd (WFT), Halliburton Company (HAL), Nabors Industries (NBR).
Highlights
The presenter believes Weatherford has the potential to be a mid $30 stock by the middle of next year. He believes the market is failing to appreciate what the company’s portfolio will ultimately look like once cleaned up, with the potential to eventually offer arguably the best visibility and returns on capital of the major oil services companies. The stock has already enjoyed a good run, but the presenter believes that most of that appreciation has come from the market’s realization that the stock isn’t going to zero, rather than a more measured evaluation of the company’s ongoing franchise value.
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