More Oil Services M&A Likely After SLB/CAM Deal: Wells Fargo
2015-08-26 12:41:35.753 GMT
By Divya Balji
(Bloomberg) -- The driving force for more M&A opportunities
will be ability to provide suite of technology, product lines to
help operators reduce costs, enhance returns, Wells Fargo
analyst Jud Bailey said in note.
* NOV, HLX, FTI, DRQ, FET, WFT, SPN will receive most
attention after SLB/CAM deal: Clarksons Platou
* WFT will be of most interest given inevitable resurrection
of investors looking for something transformative out of
NOV: Capital One
* Other M&A candidates: DRQ, OII, OIS, FTI
* NOTE: SLB/CAM conf. call started at 8:30am 800-398-9386
* NOTE: Earlier, SLB/CAM STREET WRAP: Acquisition Not a
Surprise Based on History
For Related News and Information:
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--With assistance from Aoyon Ashraf in Toronto and Arie Shapira
in New York.
To contact the reporter on this story:
Divya Balji in Toronto at +1-416-203-5714 or
dbalji1@bloomberg.net
To contact the editor responsible for this story:
Arie Shapira at +1-212-617-1488 or
ashapira3@bloomberg.net
2015-08-26 12:41:35.753 GMT
By Divya Balji
(Bloomberg) -- The driving force for more M&A opportunities
will be ability to provide suite of technology, product lines to
help operators reduce costs, enhance returns, Wells Fargo
analyst Jud Bailey said in note.
* NOV, HLX, FTI, DRQ, FET, WFT, SPN will receive most
attention after SLB/CAM deal: Clarksons Platou
* WFT will be of most interest given inevitable resurrection
of investors looking for something transformative out of
NOV: Capital One
* Other M&A candidates: DRQ, OII, OIS, FTI
* NOTE: SLB/CAM conf. call started at 8:30am 800-398-9386
* NOTE: Earlier, SLB/CAM STREET WRAP: Acquisition Not a
Surprise Based on History
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
--With assistance from Aoyon Ashraf in Toronto and Arie Shapira
in New York.
To contact the reporter on this story:
Divya Balji in Toronto at +1-416-203-5714 or
dbalji1@bloomberg.net
To contact the editor responsible for this story:
Arie Shapira at +1-212-617-1488 or
ashapira3@bloomberg.net