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Will GE's Big Oil Bet Pay Off?

By Chris Hill - Apr 8, 2013 at 5:23PM

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Did GE overpay on this huge acquisition?

The following video is from Monday's MarketFoolery podcast, in which host Chris Hill, along with analysts Jason Moser and Matt Argersinger, discuss the top business and investing stories of the day.

General Electric (GE -0.65%) announced on Monday that it's buying oilfield services firm Lufkin Industries (NASDAQ: LUFK) for $3.3 billion. Shares of Lufkin were up sharply on the news, but shares of GE were down. Did GE overpay? What does the deal mean for investors going forward? In this installment of MarketFoolery, our analysts talk about what the deal means for investors and discuss some other oil stocks on their radar.

The relevant video segment can be found between 0:38 and 5:41.

For the full video of today's MarketFoolery, click here.

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Stocks Mentioned

General Electric Company Stock Quote
General Electric Company
GE
$75.25 (-0.65%) $0.49
Joy Global Inc. Stock Quote
Joy Global Inc.
JOY
National Oilwell Varco, Inc. Stock Quote
National Oilwell Varco, Inc.
NOV
$18.03 (0.61%) $0.11
Halliburton Company Stock Quote
Halliburton Company
HAL
$36.70 (1.77%) $0.64

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