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re: Service Company Takeover Targets

Posted on 2/5/15 at 8:58 am to
Posted by Janky
Team Primo
Member since Jun 2011
35957 posts
Posted on 2/5/15 at 8:58 am to
RES would be a decent takeover.
Posted by KG6
Member since Aug 2009
10920 posts
Posted on 2/5/15 at 9:00 am to
My mom works for WFT. There have been police at their facility the past few days for the layoffs. Luckily I think my mom was retiring around November. They are offering certain employees like 6 months pay if they voluntarily leave. That's a pretty sweet little severance package.
Posted by The Egg
Houston, TX
Member since Dec 2004
79135 posts
Posted on 2/5/15 at 9:22 am to
this will be just the first round, per the earnings call today.

5K in Q1, another 3K in Q2...so 8K reduction in total. global headcount to be reduced to <50K.
Posted by Tigahs2007
MS
Member since Dec 2013
159 posts
Posted on 2/5/15 at 9:36 am to
RES is an excellent target. I thought a year or so ago they were actively seeking that but it doesn't appear so...
Posted by good_2_geaux
Member since Feb 2015
740 posts
Posted on 2/5/15 at 11:35 am to
Im looking for someone to swallow up CAM in the near future.
Posted by GREENHEAD22
Member since Nov 2009
19595 posts
Posted on 2/5/15 at 11:37 am to
Cameron? What manufacturer do you think is big enough for that? Dont see that one happening. NOV would maybe have the juice but I dont think the regulators would let that happen.
This post was edited on 2/5/15 at 11:42 am
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 2/5/15 at 11:40 am to
Me either
Posted by skeetandtrap
Houston
Member since Nov 2011
105 posts
Posted on 2/5/15 at 8:53 pm to
quote:

Team Red hasn't bought us yet.


It's all over but the crying. Halliburton teams are all already touring our plant this week to view their acquisition.
Posted by SaDaTayMoses
Member since Oct 2005
4320 posts
Posted on 8/26/15 at 9:08 am to
Good call
Cameron to be bought by Schlumberger
Buy
Sell
Hold?
Posted by Janky
Team Primo
Member since Jun 2011
35957 posts
Posted on 8/26/15 at 9:12 am to
I think they overpaid.
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