Thread regarding GE Oil & Gas layoffs

Chances of oil and gas getting spun off?

What are the chances that oil and gas is spun off with Immelt stepping down?

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Best thing GE can do is sell BH and run from that pig . They are going to bring help to GE, or that is what they say . They will be like termites destroying what is left .

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Read the merger lay out on the SEC web site.

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GE are asking for trouble if they leave things to BH . Look at the revenue lost at stoneywood due to bad management. The facts are there to confirm.

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BH management making business decisions is a joke

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The best thing GE can do is get rid of BH . Look at the news, shale oil will call the shots and any oil price recovery is pushed further away. The conventional drilling business has started its terminal decline.

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Whilst the controlling share is in GE hand. The known census is that BH will be making the business decisions. Which will protect their interest and expose GE aquired ragamuffin companies

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Yes, O&G is already being spun off. It's a new legal entity and if GE doesn't have the cash they can liquidate their shares any time - may not get a good deal out of it, but that's typical GE under Immelt.

It is extremely unlikely that GE will do that before deal close so Day 1 of BHGE will still be 5/8 controlled by GE. But the chance of GE dumping them on Day 2 or after, especially when Immelt is gone from the board in 2018? It's high, very high.

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As the guy below me said, it was already spun off and GE only owns a certain percentage of the new Baker Hughes ( a GE Company).

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When you think about it - O&G is already spun off, after the BHI acquisition Newco will be traded separately from the rest of GE on the stock exchange.

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"We've been long calling for an AT&T-style breakup of GE, and we would expect the new CEO to consider something down that path," Barclays' Scott Davis tells CNBC. ... This comes as shareholders have become more upset with underwhelming financial performance under Immelt's leadership.

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Talked to my VP on Friday - her 2 cents: "all options are on the table"...

The change will be so immense, nothing should surprise us.

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