November 18, 2014 8:20 AM | 1 min read |
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Following
Halliburton Company's (NYSE: HAL) acquisition of
Baker Hughes Incorporated (NYSE: BHI) on Monday, Ole Slorer of Morgan Stanley commented that the deal may still not be enough to become an industry leader.According to Slorer, the cost to acquire Baker Hughes represents a "steep premium" that basically hands over most of the near-term targeted synergies to Baker Hughes shareholders. Nevertheless, the analyst does add that the deal will result in long-term value creation given its "profound industry and efficiency implications."Based on the analyst's calculations, the deal will be dilutive to Halliburton in 2016 and accretive from 2017. As such Halliburton should be able to narrow its multiple discount to
Schlumberger Limited (NYSE: SLB) over the long-term."We believe the ‘new Halliburton' would have a product offering as well as global scope and scale to rival Schlumberger," Slorer wrote. However, the analyst adds that this would come with a "formidable and lengthy" integration period which may give Schlumberger enough time and space to further extend its industry leadership.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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