24 apr: IBM løfter aktietilbagekøbsprogram med 7 mia. dollar
24 apr: USA: Forbrugertillid skuffer en smule
24-04-2012 15:49:00

Baker Hughes CEO: North America 2Q Margins Expected To Decline

Relateret indhold

HOUSTON -(Dow Jones)- Baker Hughes Inc.'s (BHI) North America margins for the second quarter are expected to decline, Chief Executive Martin Craighead said Tuesday.

Margins have already declined sequentially in the first quarter due to the logistical challenges produced by the migration of natural gas-directed rigs toward more profitable oilfields, and the rapid build-up of pressure-pumping and hydraulic fracturing capacity that resulted from the recent shale boom.

In a conference call with investors, Craighead said that second-quarter margins will "decline primarily due to seasonality in Canada" and continued weakness in pricing for its pressure pumping services. "Pricing in pressure pumping will likely continue to decrease throughout the end of the year," he said.

The third-largest oilfield services provider, after Schlumberger Ltd. (SLB) and Halliburton Co. (HAL), is also facing execution challenges in its pressure-pumping business, which analysts say are due to an inability to retain the workforce it inherited from its acquisition of BJ Services in 2009.

Craighead said that he has "made changes" in the leadership team for the pressure pumping business. "I'm confident that this team will deliver on expectations," he said. The company is also heavily investing in improving transportation and logistics for hydraulic fracturing, Craighead added.

Craighead said that he has no concerns about access to guar, "even though the price is horrific." Guar, a legume whose juices are used in hydraulic fracturing, is in high demand and its skyrocketing price is helping thin margins for oilfield service providers.

Craighead said that a margin rebound is expected in the second half of the year, as activity in the U.S. Gulf of Mexico ramps up and international drilling keeps its strength.

"We're pretty optimistic in our international margins overall," Craighead said.

-By Angel Gonzalez, Dow Jones Newswires; 713-547-9214;angel.gonzalez@dowjones.com

(END) Dow Jones Newswires

April 24, 2012 09:49 ET (13:49 GMT)

Copyright (c) 2012 Dow Jones & Company, Inc.

Opret kommentar

Relateret debat

  • 1 uge
  • 1 måned
  • 1 År
Ingen indlæg

Fondsbørsmeddelelser

Delårsrapport 2015 for Euroinvestor.com A/S

28-08-2015 12:51:53
Fondsbørsmeddelelse nr. 9. 2015 28. august 2015 Rekordresultat efter 1. halvår Euroinvestor.com A/S opnåede i 1. halvår 2015 en omsæt..

Novo/Leerink: Dækning indledes med "marketperform" og mål 374

28-08-2015 07:28:52
Novo Nordisk får opmærksomhed fra den amerikanske "health care"-investmentbank Leerink Partners, der indleder dækning af medicinalkoncernen med anbefalingen "ma..

Novo Nordisk køber to amerikanske virksomheder - NY

27-08-2015 15:13:31
Novo Nordisk udvider sin portefølje af projekter inden for diabetes og fedme med opkøbet af de to amerikanske forskningsvirksomheder Calibrium LLC og MB2 LLC.De..

Mest læste nyheder

  • 24 timer
  • 48 timer
  • 1 uge
1
Aktier/middag: Nervøsitet trækker C20 i minus
2
Novo/Leerink: Dækning indledes med "marketperform" og mål 374
3
Chefstrateg: Ser lyse aktieudsigter trods turbulens
4
Analyse: Mærsk var regnskabssæsonens helt store vinder
5
Vestas vinder ordre i Finland på 73 megawatt

Relaterede aktiekurser

Halliburton Company 38,59 1,5% Stigning i aktiekurs
Baker Hughes Inc 54,72 1,8% Stigning i aktiekurs
Schlumberger Ltd 76,06 3,0% Stigning i aktiekurs
Schlumberger 65,63 2,4% Stigning i aktiekurs
Baker Hughes 61,45 0,0% Aktiekurs uændret
Schlumberger 70,50 0,0% Aktiekurs uændret
Schlumberger COM STK US$.. 68,10 0,0% Aktiekurs uændret

Køb- og salgsanbefalinger

  • Trend
  • Pengemaskinen

Copyright Euroinvestor A/S 2015  Disclaimer Privatlivspolitik
Aktieinformation leveres af Interactive Data.
Data er forsinket 15-20 minutter iht. de enkelte børsers regler om videredistribution.
 
29. august 2015 02:15:01
(UTC+01:00) Brussels, Copenhagen, Madrid, Paris
Version: LiveBranchBuild_20150824.1 - EUROWEB6 - 2015-08-29 02:15:01 - 2015-08-29 02:15:01 - 1 - Website: OKAY

Når du besøger Euroinvestor.dk accepterer du, at der anvendes cookies, som vi og vores samarbejdspartnere benytter til funktionalitet, statistik og markedsføring. Læs mere om cookies på Euroinvestor.dk her

x