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October 31, 2016

Baker HuGE: Oilservice Leader Baker Hughes and GE Oil and Gas to Combine as $32 Billion Company

October 31, 2016

Consolidation Will Create a Services Company “Ideally Positioned to Grow in any Market” Baker Hughes (ticker: BHI) will merge with GE’s (ticker: GE) oil and gas segment, forming a new company called Baker Hughes, A GE Company, with $32 billion in revenues, the two companies announced today. Today’s news follows the unraveling of BHI’s attempted merger with Halliburton (ticker: HAL)

WTI Down Nearly $2 as Uncertainty around OPEC Continues to Grow

October 31, 2016

OPEC appears to be struggling to close on a production agreement Oil prices dropped Monday as markets continue to lose faith that OPEC will be able to reach a production agreement by the end of November. A meeting this weekend among the group’s members ended without any definitive progress, and non-OPEC members like Azerbaijan, Brazil, Kazakhstan, Mexico, Oman and Russia

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