Strictly: Drilling and oil-field services Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Strictly: Drilling and oil-field services

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: marc chatman who wrote (37324)	2/11/1999 11:57:00 AM
From: Douglas V. Fant	Read Replies (2) of 95453

marc, Yes there is a big serious competitor in compression- I just can think of their name. They are worldwide- anyone can help? They are listed in Valueline under Energy Service Companies. Yes GE has been in the compression business. Also many companies just buy their own compressors and do their own thing. The "unbundling" of expertises has been in the natural gas world for a while-it's just coming to the oil world.... The value of a JV is mainly cost savings. Many redundant costs are stripped from the business model in a JV. Assuming that the companies get along well, then the JV should work on that basis. My guess is that WFT and GE want to lower costs of doing business so that they can offer lower prices to energy companies for compression but still maintain a healthy profit margin and psition themselves for inncreased compressio needs in the natural gas field/plant/pipeline segments of the business....

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next