Baker Hughes Incorporated (BHI) News

READING/ THANK YOU/ http://www.otcmarkets.com/stock/BHGE/quote

Great thank you fam!

were are family/ here now/ https://investorshub.advfn.com/Baker-Hughes-A-GE-Company-Class-A-Stock-BHGE-32759/

Do we just message an admin or maybe have to be moderator first?

https://ih.advfn.com/stock-market/NYSE/baker-hughes-a-ge-company-class-a-BHGE/stock-price

we should check wit ihub to use this site for $BHGE

$BHGE is about 3x the size if $RIG

are they bigger than $rig ?????

$BHGE - The total U.S. rig count increased by 8 to 923 in the latest Baker Hughes weekly survey for the third consecutive gain following a steady string of declines.

How do we get board name updated?

Bloomberg: Baker Hughes-backed BJ Services preparing for IPO
Fracking company BJ Services is preparing an IPO, just months after it was formed, Bloomberg reports.
Created by Baker Hughes (BHI +1.2%), a fund managed by Goldman Sachs and P-E firm CSL Capital Management, BJ Services plans to raise at least $300M in the IPO, according to the report.
BJ is North America’s largest pure-play oilfield pressure pumping company, with a combined capacity of 1.9M hydraulic horsepower.

Baker Hughes introduces "smart" drill bit; analyst calls game changer
Baker Hughes (BHI -0.7%) launches its TerrAdapt self-adjusting drill bit, which it says can deliver dramatic improvements in drilling economics by using automation to adjust to any type of shale rock, improving drilling efficiency and costly tool failures.
BHI's new drill bit that adjusts on the fly is a potential game changer, Tudor Pickering analyst Byron Pope says. “The difference with the technology is you don’t necessarily have to customize it for the Permian or Eagle Ford. You can just have that one bit.”

Susquehanna downgraded BHI to Neutral but appears 20% undervalued:

Analysis

gov't, 'Baker Hughes Inc. (BHI)'

yup, i saw that. but seems the stock is doing fine with that kind of news. who knew.

deal called off by hal/ fees involved

i am not in this but huge bad..........

..

news hit the internet general news so i came to see if there were any posts since then and there was not...

you can tell that an insider had info and got out friday, just after hours.. here is a screen shot.

then they said some fee will be paid for cancelling the merger. I was in a penny stock that did that and it fell hard.

there was a $13.8 mil sell off, wayyyyyyyyy before the news. buffet's sister, Doris, happens to live nearby me in fredericksburg va... i wish i could ask her about it, but you just dont do that.

BHI News: Filing of Certain Prospectuses and Communications in Connection With Business Combination Transactions (425) 04/27/2016 03:06:05 PM
BHI News: Current Report Filing (8-k) 04/27/2016 09:21:41 AM
BHI News: Baker Hughes Announces First Quarter Results 04/27/2016 08:00:00 AM
BHI News: Amended Statement of Beneficial Ownership (sc 13d/a) 04/22/2016 06:09:46 AM
BHI News: EOR Market in Oilfield Growing at 8.11% CAGR to 2021 04/19/2016 06:00:00 AM

Baker Hughes Incorpo (BHI)
48.78 ? 0.92 (1.92%)
Volume: 901,341 @ 10:44:15 AM ET
Bid Ask Day's Range
- - 47.9 - 49.25
BHI Detailed Quote Wiki

trading halted/ 12-15-15

Maybe not cancel but could probably retrade. However I think everything should go as planned at this point.

don't think hal can cancel big penalty/ 'Baker Hughes Inc. (BHI)'

Probably trying to retrade.

if dis da case, why isn't hal complaining ?????

For Q3, BHI says revenue fell Y/Y across all its geographic segments, with the biggest drop in North America, where revenues sank 57% to $1.4B, as average rig counts fell 54% and customers cut spending; Q3 revenue fell 23% for Latin America and 21% in the Middle East and Asia Pacific division.

super duper/'Baker Hughes Inc. (BHI)'


re;
With Halliburton's (HAL +1.4%) proposed deal for Baker Hughes (BHI +1.2%) can survive regulatory scrutiny stand to amass more than $3B in profit, and Schlumberger’s (SLB +1.9%) purchase of Cameron International (CAM +1.7%) could help their chances, according to a Bloomberg analysis.

With Halliburton's (HAL +1.4%) proposed deal for Baker Hughes (BHI +1.2%) can survive regulatory scrutiny stand to amass more than $3B in profit, and Schlumberger’s (SLB +1.9%) purchase of Cameron International (CAM +1.7%) could help their chances, according to a Bloomberg analysis.

Baker Hughes Inc. (BHI)
58.21 ? 0.47 (0.81%)
Volume: 1,437,447 @ 1:18:13 PM ET

Bid Ask Day's Range
- - 57.0 - 58.53

BHI Detailed Quote Wiki

I think this consolidation is well positioned but understand the anti-trust issues. Need to maintain a balanced competitive environment.

good for BHI but as said not good.

That would be a disaster!

if no deal hal pays.

Do you think they will be able to get the deal done as planned?

Baker Hughes Inc. (BHI)
59.26 ? 0.98 (1.68%)
Volume: 4,051,018 @ 5:05:02 PM ET

Bid Ask Day's Range
- - 58.49 - 59.75

BHI Detailed Quote Wiki

Analysts at Morgan Stanley and Deutsche Bank largely dismiss yesterday's report on antitrust hurdles in Halliburton's (NYSE:HAL) proposed takeover of Baker Hughes (NYSE:BHI) as mostly noise.

trading halted/\ merger problem anti trust

Yep. Anti-trust concerns.

BHI halted... Let's see what's going on now. Buyout must be off the table.

Baker Hughes (NYSE:BHI) -0.7% premarket after posting a larger than expected Q2 loss and a 33% Y/Y drop in revenues amid tumbling oil prices, and it expects to see further declines for the rest of the year.

The number of rigs exploring for oil in the U.S. fell by 4 last week to 631, according to the latest survey from Baker Hughes, marking the 28th straight week of declines.

The number of active oil rigs has plunged by 878 rigs, or 61%, since a peak of 1,609 rigs last October.

For all rigs, including natural gas, the week's drop totaled 2 to 857, down by 1,001 from the year-ago period.

The U.S. oil rig count fell by 13 to 646 in the latest week, according to the latest survey from Baker Hughes (NYSE:BHI), marking the 25th straight week of declines, as the overall count for oil and gas rigs declines 10 to 875.

The U.S. oil rig count fell for the 24th consecutive week in the latest survey from Baker Hughes (NYSE:BHI), but the decline was just one, to 659 active rigs.

The number of rigs drilling for oil fell by eight this week to 660, the 23rd consecutive weekly decline but the fewest rigs taken out of U.S. oil fields since December, according to the latest survey from Baker Hughes (NYSE:BHI).

Baker Hughes's North American operations created segment revenues of $2.00 billion, 28% lower than the $2.78 billion the company pulled in in the year ago quarter. In the fourth quarter of 2014, Baker Hughes reported revenues of $3.30 billion in North America.

Baker Hughes said it had first quarter revenues of $4.59 billion compared against $5.73 billion in the year ago quarter. The Street was expecting revenues of $5.31 billion.

$BHI The number of oil rigs in use in the U.S. kept collapsing last week and the associated gas production will not stay unaffected during the remainder of 2015. Week of 8th, the number of active rigs fell by 42 to 760, the lowest weekly total since December 17, 2010. Since hitting a peak of 1,609 back in October 2014, the number of US oil rigs in use is down by about 53%.

Oh it would be ideal for the price to go lower, just for a short while.

$BHI to generate 2015 revenue of $21.2 billion and eps of $2.30

BHI DEFM14A Just Filed: http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10498437

Baker Hughes Fourth-Quarter Earnings Top Expectations

Source: Dow Jones News
By Chelsey Dulaney
Baker Hughes Inc.'s results in its December quarter easily topped Wall Street expectations, as the oil-field services company benefited from stronger-than-projected demand and cost cuts.

Still, Baker Hughes Chief Executive Martin Craighead warned on Tuesday that 2015 results would likely be pressured by the recent drop in oil prices.

"When we reflect on the marketplace, the bearish sentiment that has pervaded our industry is understandable, considering the steep drop in commodity prices in recent months," Mr. Craighead said. "While market demand ended up being more resilient in the fourth quarter than many had predicted, the recent declines seen in rig counts will clearly affect results in 2015."

On Friday, activist investor ValueAct Capital Management LP reported a 5.1% stake in Baker Hughes--an unusual move, since Baker Hughes is in an agreement to be bought by larger rival Halliburton Co.

ValueAct didn't indicate its motives in the filing with the Securities and Exchange Commission that revealed its stake.

The deal with Halliburton, struck in November and valued at almost $35 billion at the time, underscored the new realities for energy companies in a world suddenly awash with oil. As a result, oil-field services companies, which are hired to drill and pump wells, are facing less demand for their services and pressure to cut prices.

Since the deal was struck, oil prices have continued their downward spiral.

For the fourth quarter ended Dec. 31, Baker Hughes reported a profit of $663 million, or $1.52 a share, up from $248 million, or 56 cents a share, a year earlier. Excluding a gain on deconsolidation of a join venture, adjusted per-share earnings were $1.44.

Revenue grew 13.2% to $6.64 billion.

Analysts polled by Thomson Reuters were expecting adjusted earnings of $1.07 a share on revenue of $6.41 billion.

The North American segment, the company's largest geographic business by revenue, reported a 20.4% increase in revenue to $3.3 billion. Revenue climbed 13.1% in the Middle East and Asia Pacific region, and 5% in the Europe, Africa and Russia Caspian segment. Latin America revenue edged down 2%.

Expenses, meanwhile, fell 4.5%.

Write to Chelsey Dulaney at Chelsey.Dulaney@wsj.com

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Nice bear