Oil services company Weatherford International is a ripe takeover target, according to Alexander Roepers, founder and chief investment officer at Atlantic Investment, who said the stock is set to soar.
The Cambrian Fund at Atlantic Investment is up by about 40% over the past one year.
The other two, Univar Solutions and West Rock, were acquired by private equity giant Apollo and Smurfit Kappa , respectively, resulting in significant gains for Atlantic Investment.
SMDS-GB 1Y line Atlantic Investment ultimately sold its position, as they believed the company's value was between 450 and 500 pence.
When asked about his approach to selling stocks, Roepers emphasized the importance of discipline.
Persons:
Alexander Roepers, Weatherford, WFRD, Roepers, Kappa, Smith, I'm
Organizations:
Weatherford, Atlantic Investment, Schlumberger, Halliburton, London Value Investor Conference, Cambrian Fund, Value, Rheinmetall, Solutions, Investment
Locations:
Texas, Weatherford, Roepers, Ukraine, Atlantic, British, U.S