Seeking Alpha

GE doesn't produce oil or gas but it's betting big on the U.S. energy production boom, planning...

GE doesn't produce oil or gas but it's betting big on the U.S. energy production boom, planning to invest billions to develop improved methods in fracking and horizontal drilling. It's an energy agenda even environmentalists can love, especially GE's planned new research facility in Oklahoma that seeks to use cutting-edge energy science to improve fracking wastewater cleanup and cut drilling-related air pollution.
Comments (4)
  • genelevine
    , contributor
    Comment (1) | Send Message
     
    Since GE is going this route, a acquisition would be Nuverra Environmental Solutions that deals in clean and disposing of fracking waste water and has infrastructure in major gas producing regions producing areas.
    1 Jun 2013, 12:25 PM Reply Like
  • Bradley Sugarman
    , contributor
    Comments (33) | Send Message
     
    Yeah, that'd be a good one. NES has already been buying up the little, little guys. Although if anything it sounds more like NES is a service company and GE is looking to reinvent the practices of NES. GE might possibly be working on inventions like the oil absorbing graphene sponge.
    3 Jun 2013, 08:31 AM Reply Like
  • FCI Research
    , contributor
    Comments (70) | Send Message
     
    It seems like only yesterday GE was all about renewals like wind. Now they're into fracking. I don't have confidence in their vision... it appears they just chase the latest fad and claim expertise in it.
    1 Jun 2013, 04:29 PM Reply Like
  • JohntheOld
    , contributor
    Comments (162) | Send Message
     
    Curious, CHK has such a facility in the El Reno area, wondered if GE might be interested - they have partnered on nat gas transsportation.
    3 Jun 2013, 11:38 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio:

|