Got the old axe today at both yards. Oklahoma district manager and HR calling guys at home to lay them off. Good day it was
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Anything remaining of drilling fluids in Anmoore, WV?
So let me get this straight. Hal proposes 35 billion to buy, or lose 3.5 bill in earnest money to bhi if it doesnt happen, OR, hal puts themselves in the driver's seat of the transition team, sharpens the knife they give to bhi to cut their own throats with and runs bhi into the ground first, then there is no one left to pay the 3.5 bil to? Sounds like a plan to me. Bhi gone for free and hal can buys what it really wants at auction for pennies. Objective achieved.
"The reason is because Haliburton uncovered the fact that Baker has been bleeding money....BAD!! So bad that Baker is in debt to the tune of $87 million and if the merger goes thru then Haliburton MUST ASSUME all of that debt. As one could imagine, Haliburton does not want the debt so they are not complying with governmental requests to provide information to complete the merger..."
I know y'all are upset, and rightly so, but posting conspiracy BS like the above does absolutely no good, it just upsets others who are already on edge. Shame on the poster. FACT: if the merger does not go through, Halliburton will have to pay Baker $3.5 BILLION! Now think for a minute, which would you do: assume $87,000,000 in debt, or toss $3,500,000,000 out the window? You do the math...
Oil Tools, Water Management, Drill Bits, and Upstream Chemicals are still around the Bridgeport,Clarksburg area
What remains of Baker Hughes in WV?
I was one of those let go yesterday from the clarksburg wv yard as well. Def not a good day!! For those that are left, prepare yourself because this is the beginning of the end for Baker Hughes.
The reason is because Haliburton uncovered the fact that Baker has been bleeding money....BAD!! So bad that Baker is in debt to the tune of $87 million and if the merger goes thru then Haliburton MUST ASSUME all of that debt. As one could imagine, Haliburton does not want the debt so they are not complying with governmental requests to provide information to complete the merger. Once the merger fails then Baker will go bankrupt within the year.
Baker officials also know this and are already starting to liquidate assets.
Good old Brokedick Hughes!!!!