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Fly News Breaks for March 27, 2017
SLB, WFT
Mar 27, 2017 | 07:26 EDT
After Weatherford (WFT) and Schlumberger (SLB) combined their North American completions assets into a joint venture, BMO Capital analyst Daniel Boyd estimates that the deal is worth $1.7B-$2.6B to Weatherford. The analyst says that Schlumberger benefits because the deal increases its exposure to North America while costing little capital.
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