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U.S. oil producers took four rigs offline in the past week while gas rigs climbed by seven.
Baker Hughes, a GE company (NYSE:BHGE) announced today that the Baker Hughes international rig count for February 2018 was 979, up 19 from the 960 counted in January 2018, and up 38 from the 941 counted in February 2017.
A stronger dollar put pressure on oil early Friday morning, sending the commodity temporarily off record gains hit earlier in the week, and analysts are fearful price volatility such as this will be the theme of 2018.
Chief Financial Officer Jamie Miller said there are no plans to exit GE's Baker Hughes stake prior to the expiration of any lockup periods.
U.S. oil producers brought 26 rigs online, while gas rigs climbed by three, bringing the overall total U.S. rig count to 975.
Baker Hughes, a GE company (NYSE:BHGE) announced today that the Baker Hughes international rig count for January 2018 was 960, up 6 from the 954 counted in December 2017, and up 27 from the 933 counted in January 2017.
U.S. oil producers brought six rigs online, but gas rigs declined by seven, bringing the overall total U.S. rig count to 946.
The most recent short interest data was recently released for the 12/29/2017 settlement date, and Baker Hughes, A GE Company is the #185 most shorted of the S&P 500 components, based on 4.17 "days to cover." There are a number of ways to look at short data, but one metric that we find particularly useful is the "days to cover" because it considers both the total shares short and the average daily volume of shares typically traded. The number of shares short is then divided by the average daily volume, to express the total number of trading days it would take to close out all of the open short positions if every share traded represented a short position being closed.
Oil rigs climb by 12 to 759, while gas rigs decline by one to 188, bringing the overall total U.S. rig count to 947.
Chief Financial Officer Jamie Miller announced that GE is under investigation by the SEC after taking a $6.2 billion charge related to its insurance portfolio.
The Boston-based industrial conglomerate posts fourth-quarter adjusted earnings of 27 cents a share on revenue of $31.4 billion, missing estimates.
John Flannery sees progress being made on GE's initiatives, but that is what I expected him to say.
Baker Hughes, a GE company (NYSE:BHGE) ("BHGE" or the "Company") announced results today for the fourth quarter of 2017 and the total year ended December 31, 2017.
The Boston-based industrial conglomerate is expected to report fourth-quarter adjusted earnings of 29 cents per share on revenue of $33.8 billion, according to FactSet Research Systems Inc.
Could Danaher be interested in GE's Life Sciences business?
Baker Hughes, a GE company (NYSE:BHGE) announced today that the BHGE Board of Directors declared a cash dividend of $.
In today's video, Jim discusses the government shutdown, an Eli Lilly downgrade, Schlumberger after Friday's earnings, and several other market-related topics.
Oil rigs declined by five to 747, while gas rigs climbed by two to 189, bringing the total U.S. rig count 936.
In 2015, Peltz argued that GE's shares could reach between $40 and $45 a share, by the end of 2017. Instead, the investment contributed significantly to Trian's less-than-stellar 3% annual return for the year through early December, a person familiar with the situation noted. Most of Trian's investments did well in 2017, such as allocations to Bank of New York and Sysco, but the GE investment was a key reason for lower returns overall.
While Chief Executive John Flannery is considering further restructuring efforts at the industrial conglomerate, some analysts believe a breakup is unlikely.
GE will take a $6.2 billion earnings hit, and pay $15 billion into GE Capital's 'run-off' insurance portfolio, North American Life & Health, over the next seven years.
U.S. oil and natural gas drilling rigs climbed by 15 this past week as oil futures play footsie with $70 per barrel and talk swirls around a potential pickup in oil and gas industry M&A.
Baker Hughes, a GE company (NYSE:BHGE) announced today that the Baker Hughes international rig count for December 2017 was 954, up 12 from the 942 counted in November 2017, and up 25 from the 929 counted in December 2016.
Offshore rigs fell one day after the Trump administration said the U.S. will open up much of its offshore waters to drilling, reversing a Obama-era decision on the matter.
Baker Hughes, a GE company (NYSE: BHGE) ("BHGE") announced today the final results of the previously announced cash tender offers (the "Maximum Tender Offers") by its subsidiary, Baker Hughes, a GE company, LLC ("BHGE LLC")...
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