Energy Investing - Lunch with Baker Hughes Rep - Energy Investing - InvestorVillage


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Msg  332559 of 334446  at  6/9/2021 6:24:02 AM  by

WestTXGeo


Lunch with Baker Hughes Rep

Had lunch with our Baker Hughes drilling rep today.

He is seeing capital discipline across the publicly traded companies & was shocked to see this $70 handle not like times before, where a company would add a rig or two. Only company he has heard that wants to add rigs is Chevron but everyone else is staying at their allocated budgets from the beginning of the year.

I asked about small PE shops coming in & trying to drill some quick returns, he said he had thought the same thing & has reached out to many but they seem to be struggling to find financial backing (not green enough of an investment?)

Regardless, one good boots on ground take.


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Msg # Subject Author Recs Date Posted
332597 Re: Lunch with Baker Hughes Rep alertmeipp 2 6/9/2021 9:31:08 AM


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