- The bankruptcy risk for Weatherford has been substantially reduced with $500 million in fresh capital raised from the issuance of senior secured first lien notes, although its gearing remains high.
- Weatherford is expected to deliver annualized cost savings in excess of $800 million this year, but it needs to strike a delicate balance between cost savings and maintaining market share.
- Weatherford trades at 6.1 times consensus forward next twelve months' EV/EBITDA based on its share price of $3.75 as of November 30, 2020.
For further details see:
Weatherford International: Fresh Capital And Cost Savings Keep The Company Afloat