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Baker Hughes: A Jumbled Mess Ultimately Presents Opportunity

Baker Hughes reported highly confusing Q1 results.
The oilfield services company remains constrained by the pending merger with Halliburton.
The solid balance sheet and termination fee will ultimately make the stock a very strong buy.
Due to the lingering and possibly failed merger with Halliburton (NYSE:HAL)Baker Hughes (NYSE:BHI) is a jumbled mess. Q1 resultsconfirmed this position, but the stock rallied anyway following the bad news.
Read the full article on Seeking Alpha. 

Disclosure: Long HAL. Please review the disclaimer page for more details.


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