GE to sell off many parts of BH in the 20 billion shake up.
8 replies (most recent on top)
It would be similar to what happened with BJ. If they were able to leave BHI with majority, and sell some of the value to investment bankers... they could recoup money and still reap some of the rebound money.
Hopefully BHI would cut some of these boneheads from GE.
Seriously, tread water till oil rebounds. Any idiot with money to spend would do it. But they probably would want majority share.
Fitspileohpoop
Aye !
what makes y’think there be any body lined up to BUY anything in this market. Even if so, WFT may be a fire sale itself pretty soon. There gonna be so many assets for sale it gonna done be a buyers market galore it tell ‘ya. Yesssss, a regular oil field service company buffet. Please use new plate each visit to the buffet please squeeze me. Old HAL, couldn’t sell off they down tool asset in their hostile takeover mis-execution. Tha mahrket hasn’t quiet changed that much now has it dear? Hmm, maybe a lot of the mom and pop, small playa’s and start-ups will rise up, buy all deese’here assets up for pennies on the dollar, yes pennies onn theee dollarrrr. We be working for peanuts then i tell ya, it’s over, were done. It’s sad, so sad, so very, very sad. Every day i read about a nother major manufacturer got a new fangled ‘lectric thing - toyota, diamler, nikolai , edsel. It has come to this. Someone hold me, someone just please hold me.
Why would GE want to keep BH when you have idiots like stoneywood losing lots of work and revenue.
The high cost North Sea doesn't return good margin so is coming to its end. Time to get off this train.
Source? Why would they sell and lose majority ownership?
Whoever buys will pay rock bottom and then cut costs for profit. It'll be a downward spiral.