Replies to post #3175 on The Rising Influence of Rising Affluence

[OakesCS]

GE

i wouldn't under-estimate their abilities and dedication to growth in the energy services business. Much to the chagrin of some folks in at least SLB and probably HAL, i think GE will continue to grow their business in the oil-field services business as well as other parts of the energy sector. They are now producing downhole tools and surface services that are in direct competition with SLB and HAL. I think the consensus at the moment is that those services are not superior but i wouldn't bet on that situation persisting. Given the relative valuations, i like GE.
cheers,
Charlie