@156833
Your a f***ing retarded
12 replies (most recent on top)
BJ Services was poorly run and could never become a top notch pressure pumping company . Lot of entitled people who did nothing for the company . Baker made the BJ PP people produce and this is why so many left . BJ had old ideas and never knew if they were making or losing money . With the Baker people who were put in positions of authority BJ was exposed as a shell game.
Guys the merger is over! They only playing it out because no one wants to lose face. It's not going to happen. Also as you should know the DOJ has officially announced that the only way the merger will happen is if only 1 PARTY buys everything thats for sale. IT CANT be BROKEN into pieces and sold. Also the EU has already announced they are not in favor of the merger and is only delaying it until LIL RED and LIL Blue are both broken and it won't be long before that happens and SLB controls the EU. LIL Red is in worse shape than LIL Blue. I see guys in here from BHI and Hall want this to go through so bad and for the life of me i can't see why! Well i will tell you why! First off if the merger fails Hall and BHI will be in so bad of shape they will be lucky to survive this. BHI will not make it. If Hall makes it they will be the size of a mom and pop operation and have to start all over.
Now if GE ends up buying all PL's that is for sale between both sides that will be great and i look forward to working with them.. TBH Hall will never be the same company it was and won't recover to the state it once was. It will be bought sooner or later by a mom or pop of larger scale.
For all the ones that say the reason that BHI is broken is because BHI let their management take over, well if you really want to know BJ cooked the books before the were even looked at. Yes maybe their managers ( only some because i knew almost all) knew the job. I do feel they should of been a team more and get through it. BHI could of taken it all.
So basically BHI ( including my self ) are just the crutch that will help the crippled LIL Red try and survive the down turn.
But i do want to say good luck to both colors. We all have families that depend on us. I hope some home we all pull out of this and everyone is okay.
Have a nice day
Merged? I don't think the BJ folks feel merged. Spoiler alert: Baker employees won't either.
Merged not metered oops.
Baker broke themselves. Had they actually listened to someone knowledgeable with managing a pressure pumping company they would have remained successful. Had Baker actually had a implementation plan for Baker one maybe they could have executed more successfully...but like everything else at BHI someone has a great idea but they put some incapable genius in place to role it out. Odyssey, Guardian, Maximo, Baker one, incorporating Pressure Pumping into the fold, supply chain..all BHI efforts. Pressure Pumping was metered with BHI simply so Bill Stewart could maximize his stock options he didn't care what happened after that.
Dream on!
Baker Hughes would of been for sale 5 years ago if it were not for pressure pumping. Baker Highes tried to have managers from other departments try and run it and horribly failed. This is why you see many of the smaller companies doing so well because all the BJ management who had been doing it for several years all went to them and left Baker Hughes when they realized it was run by a bunch of guys who switch positions every year. There was never any product line focus or is there currently in any division within Baker Hughes and this is why we are mocked often. This company has set itself up for its own failures and we are seeing it now.
Good riddance to that bunch of losers. They broke Baker !
What about BOT?
Pressure pumping was done from the beginning. You need to get out more. One of the first things announced.
Halliburton doesn't want that trash.