Analyst Research

Report Title Price
Provider: Stock Traders Daily
$20.00
Provider: ValuEngine, Inc.
$25.00
Provider: Wright Reports
$75.00
Provider: Stock Traders Daily
$20.00

NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

General Electric Co To Buy Lufkin Industries Inc For Nearly $3 Billion-Reuters


Monday, 8 Apr 2013 02:58pm EDT 

Reuters reported that General Electric Co (GE) is buying oilfield pump maker Lufkin Industries Inc for $2.98 billion, sharply increasing its presence in the fast-growing market to extract oil and natural gas from shale rock. Lufkin's pumps, also known as artificial lift products, are commonly seen seesawing back and forth on top of energy wells to pull oil and natural gas to the surface. The deal, which the parties expect to close by June. GE's plans to focus more on growth in the energy-rich shale fields of North Dakota, Texas and elsewhere in the United States.