I recommend buying Weatherford equity (TK:OTCPK:WFTIQ) at $0.023/share as a compelling opportunity to buy one of the largest multi-national oilfield service companies with a significantly delivered balance sheet at a discount to where other multinational oilfield service companies are valued and at a discounted valuation to where Weatherford’s unsecured bonds imply that Weatherford’s reorganized equity will trade at.
On July 1, 2019, Weatherford filed for chapter 11 bankruptcy to implement a comprehensive financial restructuring that would significantly reduce the Company’s long-term debt and related interest costs, provide access to additional financing and establish