A bunch of Blue Gum Coon's!
14 replies (most recent on top)
Keane
"3M will be purchasing the pressure pumping division of Baker Hughes." A close source to the company's CFO said late Monday night. According to a new financial report as investigated by Forbes in the late hours, Rachel Sams claimed, "This will be quite a divestiture from our normal operations." And at the same time also expected "...to find ourselves in a landscape with potential for future growth." When asked what this meant for current employees and families in the oil and gas industry she wanted them to know, "We are invested in a company that has a past, a present, and a future." While speculation into the $889 million dollar deal brings about some uncertainty, it does seem 3M has made a wise investment. Many industry experts believed the division to be sold to the likes of Seimans or General Electric for almost double the price 3M negotiated. What shocked executives is how it was largely done so with retaining resources and land without sacrificing current employees. 3M and Baker Hughes will be releasing specifics in the coming days.
Its sold to 3M
To be straight to the point PP does not have a new owner .
They represent BLM! And dey is looking foe yous.
OMG...the question the poster asked was simpler than the responders(I am not exempt) so why cant it be answered?
They have not closed yet. Be patient.
Were they accompanied by mariachis?
Baker Hughes will not give PP away , they think they have something . The only problem is they have not solved how to run PP . So unless the stockholders can be swayed PP will continue to bump along . BHI believes once the O&G market returns they will get their share of business by default . Their original plan to tie all of the products and services together has been a massive failure and BHI continues to push this agenda .
PP should be sold off but isn't going to happen right now . Wait till after Q3 numbers the scarey Clowns will be showing up.
Go ask them u tit
It's the Walton family. I, for one, welcome our new Wal-Mart overlords.
Maybe a metal recycle center? :)
Simple question. Cant someone answer this question without being fired?