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GE Oil & Gas: Ambitious Diversity that Pays Off

By Editorial Dept | Fri, 19 April 2013 20:20 | 0

Ambitious acquisitions and a diversity that should have any investor hot and bothered: This is General Electric, and what we’re really eyeing here is the company’s oil and gas segment, GE Oil & Gas.

Here’s why in a nutshell:

•    The company is VERY forward-thinking when it comes to oil and gas, and it’s getting in on every tech avenue out there, from massive LNG projects with a real future to the subsea drilling tech market which is positioned to experience significant growth over the next few years
•    Its diverse portfolio also includes turbomachinery (which is in huge demand), pressure control tech and remote monitoring and diagnostics
•    It is prioritizing research and development most recently with a $110 million global research center to be based in Oklahoma City
•    GE’s Oil & Gas segment is the fastest-growing in the company, with annual 16% revenue growth over the last three years
•    As of the time of writing, GE’s market cap was $244 billion and it was currently trading for $23.46/share, with shares up 12.7% YTD and 34.6% above their 52-week low of $17.43.
•    GE’s diversity is smart and very focused: It’s downsizing its banking operations and divesting stakes and using the cash to acquire companies that complement its industrial businesses

Since…

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