Tag Archives: m&a

We discuss the breaking news that GE has come forward as a potential partner for Baker Hughes and evaluate the merits and fit of such a partnership. There’s a lot more to this story… Login to see the full update…  To read this update and receive our research newsletters, you must …

This may sound a little bit counter-intuitive, but bear with me: Patterson-UTI’s acquisition today signals that its build vs. buy strategic preference remains in tact. That’s because Patterson acquired a rig technology company this morning even though hundreds of idle land rigs are for sale as cheap as 15 cents on the dollar of build cost. …