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Bloomberg: GE may target Dresser-Rand, Dril-Quip in energy push

  • GE's growing interest in oil and gas assets and a decade-high $19.3B cash stockpile are turning Dresser-Rand (DRC) and Dril-Quip (DRQ) into potential takeover targets, analysts say.
  • DRQ is projected to boost sales by 63% in the next three years, faster than all but two similar-sized U.S. peers, and analysts see DRC expanding 51%, according to data compiled by Bloomberg.
  • DRQ, with visible multi-year growth in front of it, "is always at the top of the list of companies that are talked about as a consolidation target,” a Lazard Capital analyst says, but a deal with GE might be viewed by regulators as anti-competitive.
Comments (6)
  • berloe
    , contributor
    Comments (1814) | Send Message
     
    I notice strength in this arena especially NOV
    6 Sep 2013, 05:33 PM Reply Like
  • mydogmoe
    , contributor
    Comments (540) | Send Message
     
    $19 Billion in cash sounds good to me. A 1% increase in the dividend seems reasonable...
    6 Sep 2013, 10:03 PM Reply Like
  • swampfox45
    , contributor
    Comments (7) | Send Message
     
    Don't count on Mr. Immelt asbeing reasonable with his stockholders
    7 Sep 2013, 09:35 AM Reply Like
  • Michael Fitzsimmons
    , contributor
    Comments (9421) | Send Message
     
    My latest is on DRQ:

     

    http://seekingalpha.co...
    8 Sep 2013, 09:03 PM Reply Like
  • bberuch
    , contributor
    Comments (314) | Send Message
     
    Mr Immelt's track record as CEO fails to inspire overwhelming confidence.
    As a holder of GE I have been on the downside slope of the company since he was annointed.
    9 Sep 2013, 11:20 AM Reply Like
  • Michael Fitzsimmons
    , contributor
    Comments (9421) | Send Message
     
    I don't know bb....Jack Welch was the one that almost destroyed GE with his foray into the financial world. Immelt, on the other hand, has been returning GE to its original industrial roots. Selling of NBC stake, buying companies like Dresser and Lufkin. GE is a much much stronger company today than when Jack Welch was CEO. I laugh every time Welch gets on CNBC and is hailed as some kind of management guru with his own "college". What a joke. Immelt inherited a mess from Welch. He has played a very good hand considering the cards he was dealt!
    9 Sep 2013, 04:36 PM Reply Like
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