Weatherford International PLC (WFT) Good Stock To Hold: Charles Payne

On his daily investor education program on Fox Business, Charles Payne of FBN Capital and his guests Hitha Prabhakar, Penn Financial Group founder, Matt McCall, FBN’s Tracy Byrnes and FOXBusiness.com reporter Kate Rogers shared their views on the prospects of Weatherford International PLC (NYSE:WFT), which is a Dublin based oil and gas services provider with a market cap of $17.13 billion.

Weatherford International Ltd (NYSE:WFT)

Mr. Payne went on to recommend to one of his viewers, to go ahead and book profits on the stock of Weatherford International PLC (NYSE:WFT) at current price point of $22 per share, since the questioner had invested into the stock when it was trading at $15 per share. He then went on to recommend to the investor that, “On a dip, if it goes back, due to a broad market pull back  and if there is no news, I will be back on it.”

The program also highlighted the key developments, which are likely to further add value to the stock of Weatherford International PLC (NYSE:WFT) in the near future. The plans of the oil and gas services provider firm to “sell land drilling and work over operations in Russia and Venezuela to Rosneft” Oil Company for a purported deal size of nearly $500 million in cash was one of the expected positive developments to impact the stock in the near future.

The program participants then went on to provide tips to the viewers with the price exit points at which they can sell their holdings of Weatherford International PLC (NYSE:WFT) in order to book profits without risking the appreciation their stock holding has accumulated till date. The $500 million deal of Weatherford International PLC (NYSE:WFT) is expected to close in the 3QFY14 as per the Fox Business report.


Disclosure: none

Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

Most Awesome Hip Hop Documentaries

Foods That Stain Your Teeth

Richest Doctors in the World

The Best Movie Sountracks Ever

The Highest Grossing Musicals on Broadway

The Most Successful Reality TV Stars

Cheapest Cities to Visit in the US

Most Expensive Summer Camps

Most Expensive Animals in the World

Most Expensive Specialty Crops in the World

Movies That Took Ages to Make

The Longest Hollywood Films Ever Made

Most Expensive Concert Stages

The Richest Bands of all Time

10 Most Corrupt Countries 2013 List

10 Countries with the Highest Quality of Life Index

Most Expensive Mattresses in the World

5 Smallest Countries by Land Area

The Ultimate Heartbreak Songs

Richest Teenagers in the World

10 Most Haunted Places in America

10 Best Places to Retire in Florida East Coast

Top 10 Places to See Before You Die

Top 8 Countries in the World Where Justice Prevails

10 Richest States in America

15 Wealthiest Countries in the World

Richest Singers in the World

Most Expensive Tasting Menu in New York City

Most Expensive Baby Items in the World

Most Expensive Hotel Suites in Vegas

Most Expensive Brunch in New York City

Most Expensive Beef Cuts in the World

25 Best Colleges to Get a Job

Top 10 US Supermarkets

The 25 Most Dangerous Cities in the World to Visit

Most Expensive Xbox Games

Top 11 Cities Where Billionaires Live

Top 10 Most Charitable Companies in America

Most Expensive Seafood in the World

The 10 Wildest Conspiracy Theories

The 10 Best Job Markets in the US

Top 10 Accounting Scandals of All Time

The 25 Biggest Cities in the World

Top 10 Best Paying Virtual Jobs

Most Expensive Leather Shoes in the World

Top 6 Things to Buy in March

The 10 Most Stressful Jobs in America – 2014 List

Top 10 Jobs for Introverted People

Top 10 Honeymoon Destinations in the World

Top 10 Highest Paying Jobs in the World

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!