Weatherford International Continues Firmly On Its Turnaround Path

Aaro Pertmann
98 Followers

Summary

  • Weatherford International has experienced a strong recovery with its share price rising over 400% since 2021.
  • The company's new management has effectively improved its operations and strengthened its balance sheet.
  • The relatively high oil prices at the moment will benefit Weatherford's business.
  • Oil prices may remain relatively high for another 1-2 years due to geopolitical tensions.

Weatherford Precision Energy office building exterior in Houston, TX.

Weatherford Precision Energy office building exterior in Houston, TX.

Brett_Hondow/iStock Editorial via Getty Images

Weatherford International (NASDAQ:WFRD) has made a strong recovery over the past two years. Since 2021, the company's share price has risen more than 400%. The new management has

This article was written by

98 Followers
I am primarily a dividend investor and oriented towards value stocks. But at the same time, I do not limit my interests only to dividend stocks and value stocks. I have 10 years of investment and trading experience. My special interest is in the stocks of Eastern Europe and especially the Baltic region. I work as a teacher in a school and my hobby is music.

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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