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January 10, 2014
06:03 EDTBHIBaker Hughes reports Q4 onshore well count down 19 to 9,056 wells
Baker Hughes announced that the U.S. onshore well count for Q4 is 9,056 wells; down 19 wells from the revised 9,075 wells counted in Q3. Compared to 4Q12, the well count was up 398 wells or 5%. Due to improved drilling efficiencies, the average U.S. onshore drilling rig now produces 9% more wells compared to the same quarter last year. The average US onshore rig count for Q4 was down 12 rigs from the previous quarter at 1,697 rigs. On average, the U.S. onshore rig fleet produced 5.34 new wells during Q4, representing a 1% improvement in drilling efficiencies compared to Q3.
News For BHI From The Last 14 Days
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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
November 13, 2015
13:04 EDTBHIBaker Hughes reports U.S. rig count down 4 to 767 rigs
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