So basically baker is too big to be bought up by someone else. Also they don't have enough money to buy back shares.
Only option is to cut divisions. I hope Presure Pumping goes first. Those c—-s——rs
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BHGE would not be a good investment because of the overvalued GE oil and gas companies that are included within BHGE. The equipment and turbo machinery assets are long cycle businesses and will not recover. The will get some orders from the full stream packages but not enough money to pay their own way. So there is no exit from these unattractive assets except to write them off.
We are too large a company for synergies to work. Bhge has a very top heavy organization with a lot of chiefs and no Indians. They have been laying off the higher salaries experienced worker and using some young cheaper kids to replace the experienced hands.
The result is the younger kids repeat mistakes of the past that the older hands would not have done.
Good luck with that strat.
Baker is not too big to be bought by someone else. Just can’t be bought by another OFS company. Some investors are shy about buying into OFS due to market instability and many banks got hammered on the last downturn. There are a few people with deep enough pockets to buy BHGE. China and Russia come to mind. My personal favorite would be Saudi Arabia because it should represent the least disruption. I can’t see an investor (e.g. Buffett) buying it. Maybe some investment group would buy it just to split the assets. Or GE could just sell their shares in tranches on the open market and let Lorenzo get on with business. Nothing will happen until next year though.