Amazing and who would have thought this possible after the Halliburton debacle, however, feedback from high level government meetings in NYC suggest the Trump government would not stand in the way and indeed will support the deal.
101 replies (most recent on top)
Well that is interesting I have just done 5 minutes of research on the net, as suggested by someone. All I can ascertain on BHGE is that GE are going to divest their 62.5 % share in BH over the nest 2-3 years. This news was in June - things may have changed. It looks more likely that either Halliburton or SLB would acquire BH, and SLB being the more likely of the two. Just what I have read. No newer information on mergers or acquisitions appears to be out there. If the person who said Google it could point everybody to what they Googled it would be useful
Its highly confidential for obvious reasons and could bring legal repercussions if it was revealed on a public internet site. Do your own research - google it.
BHGE are coming for us and there aint nowhere to hide
So, who is this "somebody at the highest level"? Where is the source? Your own rumor mill?
Baker getting a lot of support from investing community to take over SLB due the Fullstream offering which is light years ahead of Schlumberger. Not only did they miss out on US shale they are missing out again in FullStream
Somebody (no names mentioned) at the highest level should be give a huge kick up the rear
They really freak out
Can we queue another entry. Too much to read
Over 4000 views - well done!
You mean your unemployment benefit?
To reiterate, I believe nobody,in slb, including staffs or outside slb i.e. investors or operators or contractors give a damn about where does any slb executive's Johnson lands or opens who's orifice.
I for one support slb executives bang any moving or not moving creature or human made tool so they think straight when make decisions about companies direction.
I also believe pk, have enough money to pay for his own expenses.
Bottom line is this company is been very tolerant toward some category of individuals (which quiet frankly they are alot)
I seriously hope management speeds up transformation in right direction to make it more successful corporate.
Otherwise,I would say God speed pk's team, you will get what you should as failed management.
The thing s these people should go still there, and people should not but force to go.
Since 2013 there is been headwind for oil and gas, I wouldn't blame pk.
We know which service company gets it's hand in politics and crime but not slb.
Slb Shares been recovering while competition not.
Smith ? Grow up! This is business,welcome to capitalism, m&a and buy out for value is everywhere in the world and in all companies, no one acquired any company to entertain staffs, if the buy out was bad why share holders approved it?
Any individual s-xual desire or who he or she sleeps with is personal choice and nobody's business, democracy.
I agree most of slb employees are mo--ns and money s---ing individual, these people should go! Most of slb operation could run from India with 1/10 of the cost.
Everybody knows that PK is highly exposed to some dubious business practices like hence he is resisting. His legacy will be tainted by:
-
the integrated services contracts he pushed and sanctioned in south america that he personally and his team made millions from on revenue bonuses but the company never got paid (everybody knew these companies were bankrupt) and had to write off billions of dollars.
-
The total failure of the smith acquisition and loss of market leadership to our completion
-
The fraudulent claims for the transformation
-
Strategic failure to established SLB in the shale market losing the business to halliburton
-
The scandal with the high class h--kers in a down town houston hotel
-
The complete alienation of a generation of SLB employees from the company badly handled during the oil price crisis
No wonder he is resisting. His legacy is appalling
I am hearing the deal is very close to closing but PK is still resisting apparently. Time to change that SOB out
Bhge pay people for what they do, may be more or less depend on ehat your skills are. In slb,you van be a sck @ss but still get promote base on who you know, this acqiure thing is a fake. Nobody will buy sht at this time, may be 10 more years
I own 37k+ none vested slb shares and I love slb growing, at any cost, including more layoffs including management sl--ter.
Pk is been good for this one, maybe only this one.
Why slb so freak out,you worry about this will come true??
First of all, f--- PK, just to be clear I as well don't like what is happening here in slb.so no love or hate for pk. Most of managers are more smelly than my farts.
Obviously you have no clue how a public company operates, if investors don't like how a CEO conduct, they can replace him or nail him down or force him how and what to do. By investors I mean any investor who owns more than 4% of company share value, there are dozen of them who own that much in slb; these investors are so powerful that can smash slb and board if they want to, and legally allowed btw.
If you do little research,you will see same investors and banks own majority of HAL or BH or GE as well as operators shares.
As far as I see, slb is been doing much much better than other baskets for these investors, buy ratings is never been less than any other services sector.
So why they should do a moranic act? If there is any buyout, slb is the buyer not the other way around.
Even if they think about doing this, their credibility will be a big question.
Think about it.
To conclude, f--- most of current slb manager who got promoted by backstabbing and firing their colleagues.
I got hurt when I got laid off,but I stood up and rised again,
I come to this site to hear about layoffs, hopefully one day I see message of layoff including who was seeding for my layoff for months. People who immigrated here for survival but the day they settled they start destroying guest house buy their sick religion and culture.
Slb market cap is 3x of bhge, and you are suggesting investors inject 70B to buy into oil and gas ????
If you know these investors please let us know , I am selling my farts.
Baker will pay slb by apple and free internet. That is all slb employs need. Because they do nothing beside surffing around internet. It will happen soon if slb still want to keep those useless manger with big fat check.
Baker can barely pay their light bills.
Cant believe this is really happening to us. Thought we would be buying Baker and not the other way around. Not a good sign
I hear that the BHGE due diligence boys have uncovered some ugly SLB accounting anomalies. Mmmmm........I wonder what those "anomalies" could be???
This may delay the acquisition.
We half way there, slb manager have nothing to do except use goole to search pics for there project, and when they get paid by apple. We buy, it will be cheapest acquistion in history of oil and gas industry.
Will this happen before or after SLB buys Apple and Google?
They too happy with intergate service
How can you “miss” US shale?
It gets even worse. While PK and his merrry bandits were misleading shareholders with their failed business strategies they totally missed the shale revolution in the USA. What a massive screw up by a so called leader company in the oilfield. While he was dreaming up the transformation Baker and Halliburton were building real business that generate growth and profits
Sack all of those incompetent SOBs
Clearly schlumberger is the most mis-managed company in the industry
The PK team have been misleading shareholders for years "buying " contracts for their own services with clients that are a huge risk of non payment and ultimately don't pay. This is after PK team pick up their bonuses for revenue "growth" from bankrupt clients
Better know as shareholder fraud. They should be locked up
True imagination gone wild , you guys are comical
Yep, high time we had somebody who knows what they are doing at the helm of the company.
Go Baker Go
Schlumberger is running scared because we are going to reorganise you big time and sell off all that money losing acquisitions you have made a mess of during the last 10 years. No more pie in the sky transformations or rig of the future BS (thats always been in the future for past 20 years and always will be)
no more financing high risk clients in dodgy countries to buy your own integrated services (coz nobody else buys it or wants to deal with those high risk companies) and then writing of the debate because they don't pay you
No, no, no......game over Schlumberger
You gonna learn the BHGE Full Stream way or you are all taking the highway!
No need to worry, we dont buy slb and we dont need id--ts in our team. Happy??
Hvv
Baker announce massive global Fullstream contract win with Exxon in face of fierce competition.
Biggest contract ever in the history of oilfield business. Now we buy Schlumberger
BHGE is taking over Schlumberger because investors have lost confidence in PK and his executive gravy train. You can only fake your share price by buying your own shares for so long PK.
Now the Baker Boys will show how to really run an oilfield business. Hang around and you may learn something and even enjoy it.
We have history we have Howard Hughes and his vision Texan style
If there is going to be m&a, SL will buy baker for it's market share and contracts not the other way around.
New management in ge is cor business focued not the previous one we had.
We had enough of this oil sh--.
Why is this a "shock" ?
Its been spoken about in SLB corridors of power for past 6 months
Good to see its finally coming to fruition
Very exciting!!!
No more transformation, engage to excel or blue print garbage initiatives from PK
Life will become enjoyable again
GE has 19 billion $ cash. They can do what they want.
GE coming back into oilfield with a bite. Great company