Baker Hughes: Slowing LNG Activity A Risk Ahead Of Q2 Results (Rating Downgrade)
Cheniere(LNG) Seeking Alpha·2024-07-09 19:32
JHVEPhoto Shares of the Baker Hughes Company (NASDAQ:BKR) have been a disappointing performer over the past year, trading essentially flat despite a buoyant equity market, given concerns about the longevity of the LNG cycle and subdued drilling environment. Since recommending shares as a “buy” in January, BKR has returned 15%, essentially in-line with the market’s 14% gain. With updated financials and political activity on LNG, now is a good time to determine if BKR can outperform the market or if inves ...