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  • How Customers View Baker Hughes, Halliburton and Schlumberger

    Doug Sheridan submits:

    One of the most coveted feathers a company can have in its competitive bonnet is the willingness of customers to recommend its products and services to others. Not only are fulsome testimonials cost efficient and effective forms of promotion, they are also indications of customers’ inclinations to remain loyal over time.

    Yet, despite the clear benefits, many of today’s oilfield suppliers fall short in generating any kind of palpable enthusiasm toward their products and services on the part of clientèle, in part because suppliers fail to understand the ingredients needed to engender real customer devotion. EnergyPoint Research's data consistently show that performance in the area of service and professionalism — generally defined in our surveys as the flexibility, responsiveness, and accountability a supplier shows toward its customers — typically trumps such factors as technological prowess and geographic reach in determining whether customers stick with suppliers.


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  • Baker Hughes, Inc. Q3 2008 (Qtr End 09/30/08) Earnings Call Transcript

    Baker Hughes, Inc. (BHI)


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  • Is It Safe?

    Zacks.com submits:

    That question is a vital one right now, even though every time it is asked, I think of Laurence Olivier asking it to Dustin Hoffman in "Marathon Man."  Clearly there has been some very important progress on the policy front.  After weeks of delay -- as we started with an awful plan and struggled to make it mediocre -- we finally decided to do the right thing.  

    Fortunately, "the right thing" was included as an option in the struggle to make it mediocre.  Injecting cash directly into the balance sheets of the big systemically important banks and taking ownership stakes in return is exactly the right medicine to stabilize the financial system.  The second major initiative is to guarantee interbank lending.  Think of it this way: the buying of big chunks of preferred stock is aimed at fixing the engine, the guarantee of new interbank loans is designed to fix the transmission.  


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  • Why "Drill, Baby, Drill!" Does Not Translate Into Effective National Energy Policy

    Timothy D. Kailing submits:

    Amid the carefully choreographed political conventions last month, there was a spontaneous chant that will be familiar to anyone who watched the Republican festivities: 

    “Drill, baby, drill!  Drill, baby, drill!  Drill, baby, drill!”


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  • S&P 500 Energy Stocks

    Hickey and Walters (Bespoke) submit:

    Earlier we noted that not one stock in the S&P 500 Energy sector was trading above its 50-day moving average.  Below we highlight the individual stocks in the sector and where they're trading relative to their 50-days. 

    As shown, Massey Energy (MEE) is the furthest below its 50-day at -47.3%.  MEE is followed by NOV (-33.6%), CNX (-32.5%), NBR (-31.8%), and COG (-27%).  Tesoro (TSO), Valero (VLO) and Sunoco (SUN) are down the most year to date, but they're currently trading at some of the closest levels to their 50-days in the sector.  Exxon Mobil (XOM), which makes up nearly a third of the entire sector, is currently trading 8% below its 50-day and down 21.89% year to date.


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  • Time to Pull the Trigger on Four Oil Service Stocks

    Larry Bellehumeur submits:

    As a Value Investor, I routinely find myself stepping in front of "Moving Trains" to buy beaten up stocks. Sometimes when you do this, you get run over and end up catching a "Falling Knife". Other times, you find yourself at the beginning of a "Hockey Stick curve climb" (sorry, Canadians have to refer to Hockey once in a while!)

    With the incredible fall of the price of oil recently, many oil services stocks have been dragged down considerably. Some of the observed drop in these stocks might not be fully warranted, though. Although their clients (namely the Large Oil Companies and Nationalized Oil Programs) may receive less money for their barrel of oil today than earlier in 2008, the fact that oil prices are still over $100/barrel means that there shouldn't be any significant impact on the search for new oil production. As well, many of the oil services companies have signed long-term contracts for set rates, so earnings are unlikely to be affected significantly by Day-to-Day Commodity price swings. In my opinion, oil would have to fall below the $60 mark for there to be a significant downturn in the work for these companies….


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  • Too Soon to Re-enter Oil Stocks?

    Henrique Simoes submits:

    Is it to soon to re-enter oil stocks? Oil stocks are down 11% year-to-date and down 21% from the year high established on May 20, responding to the 20% drop in oil prices.

    Yesterday, IEA, the International Energy Agency, raised its forecast for global oil demand in 2009 and said that it expects Chinese oil consumption to rise after the Olympic Games. This might be a good backdrop to an oil stocks recovery.


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  • Recommending Put Spread on Baker Hughes

    Daniel JonesDaniel Jones submits:

    Today's pick is once again in the oilfield services sector - to be specific, in the natural gas service sector.  Natural gas has been on a seesaw after going through an upswing over a year ago.  We're seeing stabilization in growth, and with oil prices down last week, we also saw a little weakness in the natural gas commodity prices.  

    The put spread we're recommending today on Baker Hughes (BHI) is, more than anything, a technicals-based trade, and once you see the chart below, we hope you'll agree with us. 


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  • Baker Hughes: Solid Results and Dividend Increase

    Zacks.com submits:

    Baker Hughes Incorporated (BHI) just declared a dividend of 15 cents per share, a 15% increase from the prior quarterly dividend of 13 cents. The company is yielding 0.6%, which is an appealing industry yield as most of the companies within BHI’s industry group pay no dividends. Baker’s ROE of 25% is also above the industry average of 17%. The company recently reported second-quarter earnings of $1.36 per share, excluding a charge. The result exceeded the consensus estimate by nearly 10% and surpassed the year-prior total.

    Company Description


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  • Baker Hughes, Q2 2008 Earnings Call Transcript

    Baker Hughes, Inc. (BHI)

    Q1 2008 Earnings Call


    Complete Story »
    Posted Tuesday, July 22, 2008 5:01 PM
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