GE Global Research

[gopokes88]

Baker Hughes GE is a publicly traded subsidury of GE. So it's still GE.

https://www.chron.com/business/energ...e-14308499.php

“Baker Hughes remains independent and continues to be traded under its own stock ticker symbol, BHGE.”

GE also sold all of its shares.

https://finance.yahoo.com/quote/BHGE/holders?p=BHGE

They are separate companies.

[jccouger]

“Baker Hughes remains independent and continues to be traded under its own stock ticker symbol, BHGE.”

GE also sold all of its shares.

https://finance.yahoo.com/quote/BHGE/holders?p=BHGE

They are separate companies.

Yeah, but....

One area of Markopolos’ case focuses on GE’s long-term care insurance unit, for which the company had to boost reserves by $15 billion last year. By examining the filings of GE’s counterparties in this business, he alleges that GE is hiding massive losses that will only increase as policyholders grow older. He claims that GE has filed false statements to regulators on the unit. Separately, he goes on to find issues with GE’s accounting on its oil and gas business Baker Hughes.

[Swake]

“Baker Hughes remains independent and continues to be traded under its own stock ticker symbol, BHGE.”

GE also sold all of its shares.

https://finance.yahoo.com/quote/BHGE/holders?p=BHGE

They are separate companies.

I know they are traded separately, that's what I posted, but also, read the article I linked to:

A well-known fraud expert claims that General Electric hid $38 billion dollars in losses and accused the industrial giant of using the financial results of its subsidiary, Houston oilfield service company Baker Hughes

GE didn't sell all it's shares in Baker Hughes GE, they lowered their controlling interest from 62.5% to 50.4% but they retained their controlling interest.

The title of the page on Yahoo you linked too is "Baker Hughes, a GE company (BHGE)"

[jn1780]

It hasn't been proven if GE allegations are true or not. The CEO did invest a bunch of money into the stock after this report came out. Maybe he is trying to build confidence or maybe he knows the report is false?

The separation happen back in November. It seems the alleged fraud came from GE side of the house and not Baker Hughes management.

Edit: I was wrong, GE still does have a controlling stake. https://seekingalpha.com/article/427...g-risky-ignore

Regardless if allegations are true, GE is having issues and will probably need to sale Baker Hughes sooner rather than later.

[gopokes88]

https://www.reuters.com/article/us-g...-idUSKCN1VX02L

GE no longer controlling interest

and Baker Hughes rebranded.

No idea what it means for the BH energy research center, but being an "energy technology company" at least sounds good. Tech needs R&D and they have a world class facility for that purpose.

https://twitter.com/bakerhughesco/st...948818944?s=20

[jn1780]

https://www.reuters.com/article/us-g...-idUSKCN1VX02L

GE no longer controlling interest

and Baker Hughes rebranded.

No idea what it means for the BH energy research center, but being an "energy technology company" at least sounds good. Tech needs R&D and they have a world class facility for that purpose.

https://twitter.com/bakerhughesco/st...948818944?s=20

Great for BH research center long term. I actually think the "GE logo" on the building was starting to become a liability in the long run based on how GE has been doing past couple of years. I actually see a bankruptcy on the horizon for them if and when we head into another recession.

[Martin]

didn't get a pic, but noticed that baker hughes signage is now up... pretty sure that it still said ge just last week.

[jn1780]

didn't get a pic, but noticed that baker hughes signage is now up... pretty sure that it still said ge just last week.

Yep, I saw them putting in up a couple of days ago.

[BB37]

didn't get a pic, but noticed that baker hughes signage is now up... pretty sure that it still said ge just last week.

And a small sign out front on NE 10th identifies it as Baker Hughes. Now, what to do about the embossed GE meatball logo on the front of their parking garage?

[HOT ROD]

Keep it.

[Pete]

[TheTravellers]

Recieving...

[PaddyShack]

Recieving...

It shouldn't take a rocket scientist... or err... a petroleum scientist...

[Anonymous.]

Yikes lol. The logo does look nice at least...

[BG918]

Recieving...

I guess they didn't learn i before e except after c

[gopokes88]

https://www.wsj.com/articles/baker-h...784367?mod=mhp

Not sure if this will effect the research facility or not. Maybe someone around here does

[HangryHippo]

The Oklahoman reporting that this facility has been donated to Oklahoma State University.

https://oklahoman.com/article/566775...ate-university

[shawnw]

So being owned by a public facility means maybe there will be some degree of public access to it at some point?

[jn1780]

I guess Baker Hughes is trying to cut costs by sharing their building with OSU.

[jdizzle]

So being owned by a public facility means maybe there will be some degree of public access to it at some point?

Probably only for students and faculty, would be my guess. College buildings are not always open to the general public.

[gopokes88]

that's a cool opportunity for OSU

[dcsooner]

I guess Baker Hughes is trying to cut costs by sharing their building with OSU.

Could portend closure or downsize in the future. Hope not

[HOT ROD]

unfortunately, that's what I was thinking as well dcsooner when I saw the headline. ...

Let's hope it's a collaboration and not a write-off.

[onthestrip]

Wonder what they final tab was that we paid to GE/Baker Hughes in incentives, only to see that 4 years later there are no private sector jobs and the building looks like it will be taken off the property tax rolls. Hope some good comes of it with OSU.

[Edmond Hausfrau]

Makes for a nice little education triangle. OSSM, OUHSC, plus I think OU MBA offices are tucked in that area, now with OSU can hope that it raises the profile for higher education in the state and leads to more 4 year college grads, since we lag in this area.