Tag: Cameron International

Kiran Stacey

This may be merely coincidence, but it seems unlikely.

The best performing sector on the benchmark US share index, the S&P 500, is currently energy. Of that sector, it is the oil services companies that are doing best – the ones who might have been hit heaviest had stringent new regulations hampered the way they were able to run rigs.

As I write, the sector as a whole is up 1.5 per cent, with services companies rallying 2.6 per cent. Halliburton is up 3 per cent, while rivals Cameron International and Baker Hughes have risen 4.5 per cent and 3.3 per cent respectively.

At last — some de-equitisation.

From RNS on Tuesday:

The Board of Wellstream has noted the movement in its share price and confirms that it has received a number of preliminary approaches regarding a possible offer for the Company.

There can be no certainty that an acceptable offer will ultimately be made. A further announcement will be made in due course.

So who might these suitors be?

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