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Weatherford (WFT) Shares Tick Higher Upon Resumption

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Weatherford (WFT) Weakness Said Tied to Covenant Concerns

November 1, 2016 12:19 PM EDT

Weatherford (NYSE: WFT) said to be under pressure today on covenant concerns. Shares are now halted, news pending. Last down 14%.

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UPDATE: Weatherford (WFT) Trading Halted with News Pending; Analyst Notes Tightening Debt Levels

November 1, 2016 12:14 PM EDT

(Updated - November 1, 2016 12:20 PM EDT)

Weatherford (NYSE: WFT) trading halted with news pending.

UPDATE - Wolfe Research said earlier today that Weatherford may need to conduct an equity raise and possibly divest assets.

In a note dated for yesterday, analyst Chase... More