No matter what the other product lines say about BJ Services you all are now all in the same boat. You all said that Pressure Pumping was the bastard child. Now look at the rest of you in the same boat. Pressure pumping has idled most of their frac fleets and kept their cementing districts open even at a loss. This point that the stimulation business is gone for ever and either cementing is being sold off or kept for a divesture. Baker Jighes has shown that it could never be a true service company. Four years after buying BJ Servixes the supply chain, logistics and management could not muster up to become one. Baker hughes is a HR and HSE driven company where operations hands are tied and nothing more then a game of patty cake for the last four years. Many employees in the organization have done a great job being great employees but the management team was less then responsible with the investors money. The market we all know has helped make some of the decisions that we are seeing now but most of our failures in the last two quarters have been ourselves not being proactive and just giving up. We will see many previous employees in the next
Couple years working for our customers and Baker/ Halliburton will have many doors to knock on and rejection will be an issue. Good luck all.