Friday, April 24, 2015

Weatherford: Disappointment Returns


Summary

  • Weatherford reports Q1 2015 results that disappoint.
  • The oilfield services firm is losing market share during the downturn.
  • Investors should use the stock rally to unload the stock.
When the oil price started collapsing, Weatherford International (NYSE:WFT) was one of the first stocks dumped from my portfolio. The portfolio wasn't even concentrated with energy stocks in the first place due to the distant fourth oilfield services firm having a history of disappointing the market. Weatherford had recently produced solid results during Q4, but it didn't seem like the stock to own in a weak market.

Read the full article on Seeking Alpha.


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