Is Baker Hughes Stock a Buy?
Baker Hughes' (NYSE: BKR) stock price is likely to fall just as hard as its peers' shares if oil prices decline because of economic concerns. There's not a whole lot to be done about that; COVID-19 is a very real threat to oil demand that's already causing pain in the oil patch. However, there's a unique story at Baker Hughes today, and you need to understand what's going on before you make a final call.
So, forget about the most recent coronavirus scares for a second, and take the time to dig in a little deeper at Baker Hughes.
Baker Hughes as it exists today is somewhat unique in the energy sector because it offers such a broad range of products and services. In fact, it covers the full spectrum of the energy business, from upstream (drilling) to midstream (pipeline) to downstream (chemicals and refining), leading to the idea of it being a "full stream" energy services company.
Source Fool.com
