score:57
Chances:
- Baker Hughes secured a deal to supply equipment for the Driftwood LNG project, potentially contributing to revenue growth.
- The company signed agreements and expanded equipment supply partnerships with Venture Global, supporting its long-term expansion plans.
- Despite market fluctuations, Baker Hughes shareholders have earned a 38% CAGR over the last three years, indicating positive performance.
Risks:
- The Permian Oil Rig Count has seen fluctuations, which may impact Baker Hughes’ drilling-related activities.
- Oil and gas stocks can be influenced by energy market trends and global geopolitical factors, leading to market volatility.
- Questions about Russia-related business activities may pose risks to US oil firms, including Baker Hughes.
Score:57
investment score = chances characters count - risks characters count
References:
- 2023-09-09 US Oil Rig Count Climbs For First Time in Months
- 2023-09-09 Rig Count Sees Small Gain As WTI Holds At $87
- 2023-09-09 Baker Hughes (BKR) to Supply Equipment for Driftwood Project
- 2023-09-08 Unraveling the Future of Baker Hughes Co (BKR): A Deep Dive into Key Metrics
- 2023-09-07 Foreign Relations chair seeks answers from US oil firms on Russia business after Ukraine invasion
- 2023-09-07 Baker Hughes Announces Date for Third Quarter 2023 Earnings Release and Webcast
- 2023-09-07 C3.ai (AI) Q1 2024 Earnings Call Transcript
- 2023-09-06 Permian Oil Drilling Rig Count Falls For Two Straight Weeks
- 2023-09-06 Are You a Momentum Investor? This 1 Stock Could Be the Perfect Pick
- 2023-09-06 GASTECH-Tellurian in talks with potential partners for Driftwood LNG project