This one is all but signed and ready to release. Corporate structure to change, new people means less jobs are safe. I have seen a few changes to make room for mid level. I hope this is as big as they want us to believe
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Curious-yes, I heard maybe FMC would be in the works-would not be that bad a deal-but you are right no matter what it is the leaning out of more of the workforce I believe is for certain until the markets keep to some level of normalcy (assuming this isn't the new normal).
I don't know for sure but I do believe it will be an acquisition. As we all know the cherries are ready to be picked. I am personally hoping for a merge but that does not seem likely due to the fact that we have enough cash and access to cash to just do it. It is my understand that this will be completely independent of the repositioning going on in CAPS. the only company that could acquire us is GE O&G they have the cash and can buy any one the wish. No a bad deal if you keep your job, they out source a lot and have very little experience in O&G. The big two have there hands full with their recent acquisitions and one is still trying to get the Feds to ok it. Word is FMC or Wetherford but I think it will be the portions of Haliburton that need to be divested to finish the deal with BH. This has been going on for months check my posts and the comments that Clay recently made made it perfectly clear to some.
A couple of announcements by Clay in the media in the last few weeks mentioned billion dollar take overs and we were looking to buy.
Curious-are we buying or are we being bought?