Always a "one time non-reoccurring" charge. What a scammer, shareholders have financed his lavished lifestyle while he delivered a loser company with losers all the way down the structure who steal and run the company for personal gains. How much debt do they have again? 6Billion, 109million free cash flow. Pathetic thieves.
Megaphone top pattern, took place when it broke 56. $42 is more likely now. Looking at the market sell off, I wouldn't be surprised if it gets there by the end of this week.
Greek culture, retire at 50 and when you pass away your kids inherit your pension. Don't pay taxes, work when you feel like it.
I agree this board is beyond lame. However, WFT is going to have a miserable Q2. They have been pushing the industry rates to all time lows to maintain market share. The margins must be so low that there is no chance they will make any positive impact to earnings along with the idle North American market.
I'm going to go with Citron on this one. Just like GPRO secondary at $75 was a buy then a day later he said the goat on the surfboard was the top. How many public attacks has Citron done on stocks? not many.
$10 could happen as well. This is nothing more then a lottery ticket. Forecast for $20 oil are as likely as $60 oil based on current production. EOG reported 350 net wells drilled that are still waiting to be completed which they say will start in September. That tells you we have too much uncertainty to find a bottom yet.
I agree, if inventory numbers don't show a massive week over week build we should go higher. This production gap will eventually hit the market. North America has almost 1000 rigs down compared to this time last year. It will work its way through the system eventually.