What Lower Oil Prices Mean for Equipment Makers

The transcript discusses the impact of declining oil prices on companies like Baker Hughes and Schlumberger. It highlights transitory issues faced by Baker Hughes, such as weather impacts, and examines the broader implications of oil price fluctuations on cash flow and project economics. Despite a projected slowdown in spending, the transcript suggests that stock valuations remain attractive. It also explores the challenges faced by non-conventional and deepwater projects, with a focus on companies like Halliburton and Baker Hughes.

What were some of the transitory issues faced by Baker Hughes in the quarter?

How does a decrease in oil prices affect cash flow for EMP companies?

What is the expected average oil price for 2015 according to the analysis?

Which companies are mentioned as being most leveraged to US non-conventional projects?

What recent pricing improvements did Baker Hughes reference during the call?