Energy services company Weatherford (NYSE:WFT) has come a long way since my February 2013 piece, with the company not only putting tax and accounting issues behind it, but also moving forward with a sizable restructuring effort. Weatherford is selling, spinning off, or shutting down non-core operations where either the company's market position or margin potential isn't good enough to warrant ongoing operations.
Amidst these turnaround efforts, though, the company is not ignoring the need to keep the company in position for future growth.
Tapping Into China's Shale Boom
The exploitation of unconventional shale resources has been the major force behind the energy boom in the U.S. that has seen oil and gas companies like EOG (to name...
|FREE||SA PRO MEMBERS|
|IDEA GENERATOR||X||Exclusive access to 10 PRO ideas every day|
|INVESTING IDEAS LIBRARY||X||Exclusive access to PRO library of more than 15,000 ideas|
|SECTOR EXPERT NETWORK||X||Exclusive access to all sector experts for direct consultation|
|PERFORMANCE TRACKING||X||Track performance of all PRO stock ideas|
|PROFESSIONAL TOOLS||X||Professional Idea Filters to zero-in based on industry, market cap and more|