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Baker Hughes Incorporated Message Board

  • fritzdutchrio fritzdutchrio Sep 19, 2012 10:34 AM Flag

    build in crude supplies this morning is good. means....

    more will be used. thats how it works so OIL will move up from here. GOOD ENTRY POINT NOW with oil stocks...OIL will not stay down for long, you can bet on it!!! BHI will be in the 60's before long . buy and hold. solid company with improving fundamentals

    Sentiment: Strong Buy

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    • I agree with your sentiments about Oil for the long run in that it won't stay down for long. A build in crude is usually not good for the service companies because demand has slowed. With the economy and Middle East issues it is difficult to see through the near term fog to know what will happen. In the $45 range, BHI is a decent buy. When lower, it is even a better buy.

64.46-0.06(-0.09%)May 29 4:03 PMEDT