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Weatherford International plc Message Board

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  • walsingmalinda walsingmalinda Mar 31, 2010 9:10 PM Flag

    Let's ROCK Today!

    saint... I hope investors with this stock are prepared when volitility sets in. We invested in the 80s with Damson Oil and Petro Lewis. They performed well for 2 years; made us an offer in stock buy back we could not refuse. Two years later they both went bankrupt and folded. Owning shares in this type business also require special handling at tax time, with depreciation in oil reserves, etc. Think I'll pass up on this for now. Good luck to all. retiredafe8

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