Baker Hughes Could Be This Year’s Turnaround Play

Igor Borisenko/iStock via Getty Images Baker Hughes Company (NASDAQ:BKR) is currently in the process of turning around operations and creating a compelling story for the next megatrend for O&G as well as the next generation of energy. Despite the challenges faced in the post-spinoff & Covid-era impediments to operations, Baker Hughes is proving their operating strength in maintaining their dominance in OFS. Similar to Schlumberger Limited (SLB), Baker Hughes is finding value across their international customers, primarily in the Middle East and Asia, while domestic rig demand continues to pull back due to higher production efficiencies. I provide BKR shares…