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The point of my message was that there are now three companies who could legitimately call themselves full-service oil field service companies: Schlumberger, Halliburton, and Baker. Baker may indeed be a takeover target, but the only companies that would or could buy it are Halliburton and Schlumberger. Baker has a market cap of nearly 5 billion and Halliburton and Schlumberger are nearly 2 to 3 times that big with Halliburton's acquisition of Dresser.

If either Schlumberger or Halliburton tried to buy Baker some anti-trust sentiment would surely emerge. Therefore I think long-term Baker is not a good investment. If you want to try to make a buck on merger rumor in the short-term, you may do well, but long-term BHI will probably get smaller and cheaper.
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