Can Weatherford International Stay Afloat?
Weatherford International (WFT) is a company that has been barely struggling to stay afloat within the last 12 months. Founded in 1941 and headquartered in Switzerland, it employs around 26,500 people and provides products and services to the oil and gas industry in over 100 countries, and has been trading on the NYSE for several decades. Currently, however, the company is facing arguably the most challenging time in its entire history, and there is significant concern regarding the company's future. One only has to glance at a 5-year