Anyone heard the rumor BHI is selling US PP for $250M, Buyer confirmed but unannounced as of yet? Sale inclusive of Tomball facility
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I've heArd that too
Pressure Pumping will not be sold for $250K . The value of PP alone is in excess of 2.5 Billion . PP will remain a very strong part of Baker Hughes . ( Int. and Domestic )
bankruptcy fire sale full on
Being sold to Blo--ob Services
Your talking out of your butt hole.
Let's see. In my experience, Baker has been selling equipment for about 10% of the current book value. It's not unbelievable that BJ; as Baker has left it; is worth on the order of $2.5B. So that rumor actually is believable.
I don't consider the $250 million price to be right. However, a sale of BJ would be good news.
Yep heard something was going on as well. They Won't say just yet.
Maybe next week when new fiscal year begins?!?
Seems a sale has happened. BJ?