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Stock Market & Financial Investment News

News Breaks
March 19, 2013
09:27 EDTBHIBaker Hughes sees 'several quarters' to work through excess industry capacity
Baker Hughes CEO Martin Craighead plans to state while presenting at the Howard Weil Energy Conference that there remains an industry-wide capacity overhang, in the form of underutilized assets. Craighead will state, "Our outlook is clear and remains unchanged. Without a meaningful jump in rig count, it's going to take several quarters to chew through the excess horsepower capacity," according to a copy of the presentation filed with regulators.
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August 29, 2014
13:07 EDTBHIBaker Hughes reports U.S. rig count up 18 to 1914 rigs
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