Frequently, the best information parceled out by companies occurs at investor conferences, where the audiences are knowledgeable and the presenters recognize that they have to put their best feet forward.

This week, Barclays Capital conducted its CEO Energy/Power Conference that included presentations from a long list of big energy names, including ConocoPhillips (NYSE:COP), EnCana (NYSE:ECA), and Dominion Resources (NYSE:D). One of the presenters was Bernard J. Duroc-Danner, CEO of Weatherford International (NYSE:WFT). His company provides a variety of services to oil and gas companies during virtually all stages of the drilling process.

Indeed, what may be Weatherford's biggest flaw of late has been just how much of its business comes from North America, where the rig count has fallen like a proverbial rock. Specifically, about 33% of Weatherford's revenue are generated in its home continent.

Moving east
It's noteworthy, however, that the targeted geographic breakdown would have about 20% of 2013 revenues coming out of North America, 25% from South America, and the remaining 55% from the Eastern Hemisphere. The company also boasts higher revenue and earnings growth than its three major peers, Schlumberger (NYSE:SLB), Halliburton (NYSE:HAL), and Baker Hughes (NYSE:BHI).

One of the keys to understanding Weatherford is that, without a degree in engineering, you probably can't … completely. But don't be concerned. Suffice it to say that once producers move beyond the seismic stage, Weatherford's broad range of services allows the company to play a role in just about every other phase of the production process, such as drilling, completion, and well construction.

With his avowed desire to move his company's emphasis to the south and east, Duroc-Danner foresees near-term volatility in North America, mitigated over time by production from shale, heavy oil, and deepwater activity. In Latin America, his expectation is for growth in Mexico and strength in Brazil. For the Eastern Hemisphere, he envisions brighter times for the Middle East and North Africa, and a recovery in activity within Russia and the rest of Asia.

From my perspective, given the company's range of services, its determination to move rapidly into a concentration in the Eastern Hemisphere, and crude prices that are inching upward, I'd be a slow, steady buyer of Weatherford stock. Of course, I recognize the need to have enough patience to let Duroc-Danner and the world's crude markets play their part in an energy recovery.

Weatherford International has been granted five-star status by Motley Fool CAPS players. Does that top-of-the-line rating include your assessment?

Fool contributor David Lee Smith doesn't own shares in any of the companies mentioned. He does welcome your comments, questions, or kibitzing. The Fool's disclosure policy is strong as an ox.