Holy Cow
5 replies (most recent on top)
Not a cold chance in hell will anyone touch this inept piece of crap . The fire sale to pick up any cheap pieces without any of the dept is the only reality. Mucho pressure to keep it over 5 to prevent delist. Reverse split coming. Hold you ankles everyone. I'm waiting for all fine employees to get paid in stock in order to save the co. Hehehehe
Wow!.
The merger between Baker Hughes (NYSE:BHI) and GE's (NYSE:GE) Oil & Gas unit is sort of a magic trick. It adds scale for Oil & Gas and improves margins. This type of value-added deal making harkens back to the days of Jack Welch. Once a pariah, the Oil & Gas unit could show real promise if cost synergies pan out. The merger sparked excitement that it could spur similar deals. A commenter on my previous article suggested that Schlumberger (NYSE:SLB) could be interested in Weatherford (NYSE:WFT):
I'm going to take a shot and give my 2 cents here as to what I see going on: [i] former M&A executive infiltrates WFT and takes EVP job, [ii] the examines the financials and the company's internal dirty little secrets and reports back to the mother ship. I smell a buyout from SLB brewing. They could acquire WFT for a steal at this price and get all the financial intelligence they need from the horse's mouth
WFT is the red headed stepchild of the oilfield.
Over the years my pain tolerance has increased to a point that I don't feel the whips as much as the chains.
The beatings will continue until morale improves. Ouch, ouch, ouch