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The company is a provider of drilling, formation evaluation, completion and production products and services to the worldwide oil and gas industry.
Baker has great promise thanks to great technology but suffers from an inept management team that allows poor performance and poor integration of its operational units. This one has potential as an acquisition play from GE or a similar mega-corp wanting a broad footprint in the global O&G. Expect the major players in this sector to outperform over a decade due to increasing demand for hydrocarbons from Asia and the shale revolution in the states.
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