news is they are looking and Whiting Petroleum WLL is a prime candidate. be long WLL either way, is doing super well with earnings and BIG in NORTH DAKOTA.. strong buy on WLL a takeover in the works.
Why would they buy an oil producer? Also their ceo recently stated they would not be making any acquisitions in near future.
I think the prime take over candidate for Baker Hughes will be C&J Energy Services (symbol CJES).It makes a lot of sense as this is a pure play on the Texas shale oil services and this one is very attractive priced and is in very high growth and has the most advanced technology.For and investor, I think that CJES offers also more upside than BHI does for the moment.GM.