Also enjoying a boost from GE's purchase of Lufkin (LUFK) are small- and mid-cap makers of...

|By:, SA News Editor

Also enjoying a boost from GE's purchase of Lufkin (LUFK) are small- and mid-cap makers of drilling and production equipment for use in deepwater and other harsh environments. GE has paid "strikingly high multiples relative to the risks," Wells Fargo says, possibly sparking an upward revaluation" of names such as Dril-Quip (DRQ +1.7%), Dresser-Rand (DRC +3.5%) and Oceaneering (OII +2.6%).