Thread regarding Baker Hughes layoffs

The only way is up...

...before another crash!

With the price of crude creeping up, oil/service companies shares are following suit. Think BHGE will hit €40, know i’ll be cashing out if it does!

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14 replies (most recent on top)

It's not bad management it's incompetent management e.g. stoneywood.

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Bad management is the reason for no pension

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BH senior management too dumb to see that BH made a huge loss last year while schlumberger and Halliburton made profits. Can't you thick heads see the connection here with bad management. GE also the worst performer on US stockmarket. What a mess.

by | Post ID:

Product re-alignment and divestitures, yes........how about reviewing management performance and getting rid of those who underperform or don't understand the business. Many examples of that but BHGE are incapable of detailed reviews. Look at the revenue lost because of incompetent managers.

by | Post ID:

What was it €15 a share BHI shareholders were given when their shares were converted to BHGE?

Don’t need an abicus to work out this would reflect on the value of shares once they had transitioned to the BHGE ticker!

GE are only looking to pull out from the deal due to past mismanagement and looking to make fast cost reductions. BHGE isn’t nessiceraly a sinking ship as you like to paint, there needs to be a lot of divestitures and product alignment to get things running lean and profitable again.

Try being positive for a change, everyone has a part to play instead of writing everything off!

by | Post ID:

Ok BHGE still losing millions, contracts and laying off staff.

Schlumberger, weatherford and halliburton all making millions and employing staff.

The shares are terrible, pension gone and company name is as bad as ever even the company that own us do not want to keep us.

But yes BHGE shares are sky rocketing they have gone up as oil is up the highest for 3 years BHGE shares are still dowm 26% on what they thought they would be worth at the bottom end at the merger you total and utter FOOOOOOOOL

BHGE IS a dying company GE will move on and sell BH but no one will want it is how it is and BH can't afford to own it so either way going down.

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Stoneywood losing 500 wells was a management f--- up. Think how much revenue lost and employee jobs.

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Who cares if it's BHI or BHGE they're both going down the toilet after all the management f--- ups.

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What do you mean lower end, BHI no longer exits its BHGE. Can’t make comparisons on two separate entities, you call me a fool....

by | Post ID:

BH losing millions each qtr because managers don't know what they're doing.

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Shut up you fool.

You have no idea how shares work. It's not even back to the lower end yet.

You have made no money after the merger and it can drop as quick as BH are still losing millions each quarter.

Oil companies are still paying off weekly that's the reality.

by | Post ID:

HaHa, Woof Woof

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Wise up you will $60 a share very shortly . Hold on to your hat the good times are back

by | Post ID:

Fake news

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