From what I've seen they just got overextended financing mid-continent assets that they bought a little early. Good or bad depends what they do with them and how much they can show they're worth.
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Hey Oilfield Guys!!
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Originally posted by Steelforce 15 View PostIt's really sad our everyday life is subject to what another country is doing on the other side of the world..greed has also been a major factor in this..energy independence would be nice
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Originally posted by RaginCagin View PostJack Moore president and CEO of Cameron along with SLB president over drilling just left out facility about 15 minutes ago. They flew in this morning to speak about the acquisition by SLB. Tried to give the warm and fuzzy but i guess he can do that considering he's retiring next month and probably just cashed out his stocks with a 45% increase.
"This is a great acquisition that will benefit both sides. No jobs are in jeopardy. We will better better, stronger and more profitable by merging". I'm I even close?
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Originally posted by Charles View PostI'll take a guess as to what he said;
"This is a great acquisition that will benefit both sides. No jobs are in jeopardy. We will better better, stronger and more profitable by merging". I'm I even close?
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Originally posted by Charles View PostI'll take a guess as to what he said;
"This is a great acquisition that will benefit both sides. No jobs are in jeopardy. We will better better, stronger and more profitable by merging". I'm I even close?
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Originally posted by RaginCagin View PostJack Moore president and CEO of Cameron along with SLB president over drilling just left out facility about 15 minutes ago. They flew in this morning to speak about the acquisition by SLB. Tried to give the warm and fuzzy but i guess he can do that considering he's retiring next month and probably just cashed out his stocks with a 45% increase.
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Originally posted by RaginCagin View PostJack Moore president and CEO of Cameron along with SLB president over drilling just left out facility about 15 minutes ago. They flew in this morning to speak about the acquisition by SLB. Tried to give the warm and fuzzy but i guess he can do that considering he's retiring next month and probably just cashed out his stocks with a 45% increase.
I went through a merger with SLB. it will take a couple years before they do anything substantial, then when they start, you better hold on to your hat.
if it were me, I wouldn't sweat it right now. A 3-4 years down the road, you won't recognize your company anymore.
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Originally posted by kyle1974 View PostI went through a merger with SLB. it will take a couple years before they do anything substantial, then when they start, you better hold on to your hat.
if it were me, I wouldn't sweat it right now. A 3-4 years down the road, you won't recognize your company anymore.
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Originally posted by Simple Man View PostExactly this. I've been through the same thing with them. Let me guess, they used the word "synergies" and cost savings a lot. Like kyle said, it will take them a while to "merge" everyone.
They say EPS accretion in year 1 and 2 will come from cost saving...generally from employee overhead. Unfortunate but more consolidation will happen.
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