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March 19, 2013
09:36 EDTBHIBaker Hughes CEO sees $17B opportunity from ultra-deepwater wells
Baker Hughes' CEO Martin Craighead said the company has identified 10 customers that intend to collectively drill almost 300 ultra-deepwater wells over the next eight to ten years, which represents a $17B opportunity. The CEO added certain ultra-deepwater projects require up to a half a million pounds of proppant and "there are only two vessels in the world that can handle two and a half million pounds of proppant, and they belong to Baker Hughes." Craighead also said the company sees the potential for its synthetic gels to replace guar in drilling.
News For BHI From The Last 14 Days
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November 27, 2015
10:37 EDTBHIEU Commission sets Jan. 12 deadline to rule on Baker Hughes, Halliburton deal
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November 25, 2015
13:05 EDTBHIBaker Hughes reports U.S. Rig Count down 13 rigs from last week
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November 20, 2015
13:08 EDTBHIBaker Hughes reports U.S. rig count down 10 to 757 rigs
Baker Hughes says the U.S. Rig Count is down 10 rigs from last week to 757, with oil rigs down 10 to 564, and gas rigs unchanged at 193. It added that the U.S. Rig count is down 1,172 rigs from last year at 1,929, with oil rigs down 1,010, and gas rigs down 162. The U.S. Offshore rig count is 30, down 3 rigs from last week, and down 23 rigs year over year, Baker announced. The Canadian rig count is down 10 rigs from last week to 166, with oil rigs down 1 to 67, and gas rigs down 9 to 99, according to the company. The Canadian Rig Count is down 268 rigs from last year at 434, with oil rigs down 176, and gas rigs down 92.
November 19, 2015
05:09 EDTBHIStocks with implied volatility movement; BHI SUNE
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November 18, 2015
08:37 EDTBHIBaker Hughes has superior risk/reward ratio, says BMO Capital
BMO Capital believes that Baker Hughes (BHI) has one of the best risk/reward ratios in its coverage universe. The firm thinks the stock will rise 25% if its acquisition by Halliburton closes, and fall only 9%-14% in the medium term if the deal falls through. BMO now sees an 80% chance of the deal closing, up from 70% previously.
November 15, 2015
12:59 EDTBHIBaker Hughes shares could gain, lose 30% on merger verdict, Barron's says
Shares of Baker Hughes (BHI) could gain 27% if its combination with Halliburton (HAL) gains regulatory approval, but "there is too much uncertainty" to take that bet, as a negative verdict on the merger could send Baker plunging 20%-30%, Barron's contends in a 'Trader Extra' column. Investors searching for less risky arbitrage deals may instead take a look at Berkshire Hathaway's (BRK.A, BRK.B) offer for Precision Castparts (PCP), argues the publication. Reference Link

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