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Enter Symbol:
 
Weatherford International, Inc. (WFT) [hlAlert]

Rating:
Hold WFT

George Soros holds TWeatherford International Ltd.

Posted on: Sunday,  Nov 2, 2008  1:15 AM ET by George Soros Top Holdings

George Soros
holds Weatherford International Ltd.

Weatherford International Ltd . is a provider of equipment and services used in the drilling, evaluation, completion, production and intervention of oil and natural gas wells. The Company operates in approximately 100 countries, which are located in nearly all of the oil and natural gas producing regions in the world. Its geographic reporting segments include North America, Latin America, Europe/West Africa/the Commonwealth of Independent States (CIS) and Middle East/North Africa/Asia. The Company?s product offerings are grouped into 10 service lines: artificial lift systems; drilling services; well construction; drilling tools; completion systems; wireline and evaluation services; re-entry and fishing; stimulation and chemicals; integrated drilling, and pipeline and specialty services. In August 2008, the Company acquired International Logging, Inc. (ILI). In January 2008, it sold its electrical submersible pumps (ESP) product line to Premier Business Solutions (PBS).

Soros is famously known for "breaking the Bank of England" on Black Wednesday in 1992. With an estimated current net worth of around $9 billion, he is ranked by Forbes as the 99th-richest person in the world. Former Federal Reserve Chairman Paul Volcker wrote in 2003 in the foreword of Soros' book The Alchemy of Finance: George Soros has made his mark as an enormously successful speculator, wise enough to largely withdraw when still way ahead of the game. The bulk of his enormous winnings is now devoted to encouraging transitional and emerging nations to become 'open societies,' open not only in the sense of freedom of commerce but—more important—tolerant of new ideas and different modes of thinking and behavior.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
6/30/2008 4:00 PM Hold
None
49.59
as of 12/24/2008
1 Week up  18.03 %
1 Month up  36.22 %
3 Months up  60.46 %
1 YTD down  -64.89 %

(*) Stock Price at the time of the recommendation.
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