company's cash flows in coming years, and currently, the business looks roughly fairly valued. Drill bit maker Smith International SII rose nearly 14%. Morningstar analysts have awarded the business a narrow moat, though it is trading well above
long term. During 2010, companies that contributed positively to performance included energy stocks such as Smith International ( SII ), Conoco Phillips (COP), Ensco plc (ESV), and Baker Hughes (BHI). We remain overweight Energy and Materials
Smith International SII shareholders have overwhelmingly approved the company's merger with Schlumberger SLB. The firms have also received the required approvals from the European Commission and the U.S. Department of Justice. As a result, we expect the merger to close Friday.
Smith International SII reported good first - quarter results ..... LIFO inventory costs . Looking forward , Smith sees a stronger services market in the near future . Like Schlumberger SLB , Smith boosted its capital spending budget for
Schlumberger SLB and Smith International SII jointly announced that their boards ..... stock-for-stock merger of the two companies. Smith shareholders will receive 0.6966 ..... Schlumberger in exchange for each Smith share. The offer values Smith at
advanced discussions to acquire Smith International SII . The takeout price is rumored ..... above our fair value estimate for Smith . However, we think Schlumberger ..... financial and strategic value from Smith because of its shared ownership
Smith 's SII fourth-quarter results were unspectacular ..... drilling activity in North America helped Smith post a 6% sequential increase in revenue ..... time frame. The strongest segment was Smith 's PathFinder business, where revenue
Our impression of Smith 's SII third-quarter results was mixed ..... contract value to date in 2009, and Smith 's directional drilling, measurement-while-drilling ..... the drill string has clearly benefited Smith in 2009. The W-H Energy acquisition
a difficult quarter for Schlumberger and little respite for its peers (Baker Hughes BHI, Weatherford WFT, Smith International SII , BJ Services BJS, and Halliburton HAL) until late 2010.
On Monday, Smith International SII sold $1 billion of senior notes in ..... reasonable cost of the notes, which allow Smith to pay off its $1 billion bridge loan ..... August 2009. The debt offering allows Smith to boost its liquidity by taking advantage