Given the envisioned end of 2016 timeline for the oil patch to start to get back on its feet, I wonder if HAL is struggling to find buyers at anything better than fire sale prices. It seems like late 2015 closing is sliding into 2016. And one wonders how badly HAL is willing to take it in the shorts to get this deal closed.
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Sell for a pound min n some fool will buy it :) Jist like they did with the Rangers football club haha. Joke that was
Up the Hoops
And I guess we will then learn the true values of those unwanted assets. For sale or best offer.
Don't be surprised if HAL doesn't take a wide sweep and clean most if not all of the Baker Directors and managers after they have attained what is needed. There will likely be few remnants of Baker when the dust settles.
It's after the fire sale whenbthe takeover tskes place hal will realise the true disaster they have bought. A dysfunctional, top heavy, conglomerate with everyone pulling in different directions and nobody caring about keeping the customer happy. Too many ex Schlumberger managers trying to make a donkey run like a horse.
Yee Ha Cowboy