InvestorSoup.com Issues Technical Trading Outlook for BJ Services Company


DALLAS, Sept. 3, 2009 (GLOBE NEWSWIRE) -- InvestorSoup.com announces an investment report featuring BJ Services Company (NYSE:BJS). The report includes financial, comparative and investment analyses, and pertinent industry information you need to know to make an educated investment decision.

The investment report on BJ Services Company (NYSE:BJS) should be of particular interest to companies engaged in oil and natural gas services and pressure pumping: Baker Hughes Inc. (NYSE:BHI), Halliburton Company (NYSE:HAL), TETRA Technologies Inc. (NYSE:TTI), Superior Well Services Inc. (Nasdaq:SWSI) and Schlumberger Limited (NYSE:SLB).

It is available at: http://www.investorsoup.com/lp/BJS

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BJ Services Company (NYSE:BJS) provides pressure pumping and other oilfield services to the petroleum industry. BJS' pressure pumping services consist of: well stimulation; cementing; sand control; coiled tubing; and downhole tools services used in the completion of new oil and natural gas wells and in remedial work on existing wells, both onshore and offshore.

In the report, the analyst notes:

"On August 31, 2009, oil field services company Baker Hughes (NYSE:BHI) acquired BJS for $4.9 billion. Shareholders of BJS will receive a 0.40035 share of BHI and $2.69 in cash for each share totaling $17.94 per share based on August 28, 2009, prices. Based on the August 31, 2009, drop in BHI stock price at 12:30 p.m. EDT and excluding $250 million in debt, the deal was worth $4.87 billion. BHI's initial offer reflected a 16% premium over the August 28, 2009, share price for BJS ...

"BHI hopes that through the acquisition it can offer a one-stop shop to oil and gas producers for services. Bill Stewart, BJS's CEO, said that the Company found that many pressure pumping jobs were being bundled into larger integrated projects. Chad Deaton, the CEO of BHI, said that the deal would position BHI to drive international growth and compete for large integrated projects. BHI's main competitors Halliburton (NYSE:HAL) and Schlumberger (NYSE:SLB) both provide pressure-pumping services globally. BJS was originally spun off from BHI in 1990."

To read the entire report visit: http://www.investorsoup.com/lp/BJS

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InvestorSoup.com is a small-cap research and investment commentary provider. InvestorSoup.com strives to provide a balanced view of many promising small-cap companies that would otherwise fall under the radar of the typical Wall Street investor. We provide investors with an excellent first step in their research and due diligence by providing daily trading ideas, and consolidating the public information available on them. For more information on InvestorSoup.com, please visit http://www.InvestorSoup.com

InvestorSoup.com Disclosure

InvestorSoup.com is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell any securities. InvestorSoup.com is a Web site wholly owned by BlueWave Advisors, LLC. Please read our report and visit our Web site, InvestorSoup.com, for complete risks and disclosures.



            

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