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Message
Schlumberger Buys Cameron International
Posted on 8/26/15 at 7:39 am
Posted on 8/26/15 at 7:39 am
quote:
Schlumberger Ltd., the world’s largest oilfield-services provider, agreed to buy Cameron International Corp. for $66.36 a share in a $14.8 billion deal that creates greater one-stop shopping for crude explorers.
quote:
“With oil prices now at lower levels, oilfield services companies that deliver innovative technology and greater integration while improving efficiency, which our customers increasingly demand, will outperform the market,” Paal Kibsgaard, chairman and chief executive officer of Schlumberger, said in the statement. “This agreement with Cameron opens new and broader opportunities for Schlumberger.”
LINK
I know that Cameron has a couple of facilities around Louisiana. Wonder what this means for the Cameron folks.
3
Posted on 8/26/15 at 7:42 am to cheeriopiss
Heard that this morning
I doubt it's going to be s good thing for la facilities
I doubt it's going to be s good thing for la facilities
Posted on 8/26/15 at 7:45 am to cheeriopiss
We have been expecting this for weeks
Posted on 8/26/15 at 7:51 am to djangochained
Amen, worst kept secret around.
Posted on 8/26/15 at 7:51 am to cheeriopiss
would really hurt vp if they closed that facility
Posted on 8/26/15 at 7:53 am to yellowfin
Might as well remove the exit on I-49 if they close down the VP plant.
Posted on 8/26/15 at 7:58 am to cheeriopiss
I don't see it as a bad thing for Cameron but I am fixing to sell my Cameron shares in 3 minutes if the market does what its predicting. My Cameron shares closed at $42.47 yesterday and expecting to valued at $62.50 when it opens this morning.
Posted on 8/26/15 at 7:59 am to cheeriopiss
quote:
Might as well remove the exit on I-49 if they close down the VP plant.
Wont happen, VP is one of the 3 largest cameron facilities in the world and it's non union.
Posted on 8/26/15 at 8:10 am to cheeriopiss
quote:
Might as well remove the exit on I-49 if they close down the VP plant.
Nah baw, people still need a place to buy ponce.
Posted on 8/26/15 at 8:11 am to soccerfüt
quote:
Amen, worst kept secret around.
oh well, at least its confirmed now.
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