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BHGE - Baker Hughes Is Setting The Pieces In The Right Place
Baker Hughes a GE company Class A
Baker Hughes May Start Improving In The Medium Term
Baker Hughes, a GE Company (BHGE) is a fullstream oilfield technology provider which offers integrated equipment and service capabilities. GE owns ~62.5% of the combined company’s shares. I think BHGE’s stock price is due for a rebound in the medium-to-long term unless the industry faces another ugly downturn. In the short term, the stock is likely to remain range-bound, but a steady Q3 should keep it from deteriorating further.
In recent times, the healthy order intake in Turbomachinery & Process Solutions and Oilfield Services