- WFRD's orders from international businesses have started flowing in 2021.
- Weatherford's managed pressure drilling, automated deepwater riser package, and data management services see demand growth.
- However, the upside is limited because it now manages a relatively small portion of the US drilling market. Also, the Canadian market performance can be underwhelming.
- The company's leverage is too high compared to its liquidity; however, S&P's credit rating upgrade in July can boost investors' confidence.
For further details see:
Weatherford International: Balance Sheet Concerns May Nibble Growth Prospect