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An Undervalued New Player in the Energy Industry

Written by Spencer Jakab at The Wall Street Journal

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If they gave out grades for corporate names, “ Baker Hughes, a GE Company BHGE 3.08% ” would get a D-minus. In terms of recent financial performance, neither of the parties to the merger completed two months ago deserved more than a gentleman’s C. But the company’s grade should go higher over the next few years as new management, a solid balance sheet and strong business lines combine to boost Baker Hughes BHGE 3.08% (we’ll drop the last part) ahead of its competitors. While the company is still exposed to energy prices, it expects $1.6 billion in annual deal synergies and cost savings by 2020, a boost its rivals won’t get. ––

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Written by Spencer Jakab at The Wall Street Journal

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