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Opinion on Baker Hughes Inc (BHI) Sector: Energy > Industry: Oil Well Services & Equipment
Baker Hughes Stock Option Confusion

Feb 16, 2007 04:35 AM GMT

George Gutowski

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Baker Hughes Incorporated (NYSE:BHI) reported much improved financial results. After swallowing substantial settlements with SEC and Justice Q4 earnings were $1.02 @ share compared to $0.75 for last years comparable. Good work.

The stock has been volatile with some signs of recent resurgence. The stock is capable of sharp sell offs presumably as it trades as a proxy for oil futures.

The current winter drilling season in North America is almost over. But Chad C. Deaton, Baker Hughes chairman and chief executive officer offered this comment in the press release

“With several weeks remaining in the North American winter, the near term activity outlook for gas-directed drilling remains uncertain. We are encouraged by recent strong withdrawals from gas storage and remain convinced that the rebalancing of the North American natural gas market, if required, can happen relatively quickly."...

... Read the rest of the original post >

This is a tracking account [?] SocialPicks is not affiliated with George Gutowski. The POS/NEG sentiment is automatically determined by SocialPicks from this blog post and should not be recognized as a position recommendation by George Gutowski

BHI: This call was made on 02/16/07 @ $65.5

Rating:	$65.5 (02/16/07)
Gain/Loss:	-36.70% in 1927 days

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Opinion on Baker Hughes Inc (BHI) Sector: Energy > Industry: Oil Well Services & Equipment Baker Hughes Stock Option Confusion

Opinion on Baker Hughes Inc (BHI) Sector: Energy > Industry: Oil Well Services & Equipment
Baker Hughes Stock Option Confusion