Weatherford Stays Neutral
Posted on September 22, 2010 at 16:05 PM EDT
We maintain our Neutral recommendation on Weatherford International (NYSE:WFT) shares. Strong performance in North America and Europe/West Africa/CIS segments offset the Latin American weakness. We prefer the stock for its growing international prospects, particularly in Russia and Iraq. Though the drilling moratorium has minimal impact on the company’s bottom line, we are concerned about the [...]
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