Rumor-chasing traders are betting on serious short-term gains for BP.
Oil producer and driller stocks are falling after oil's dip, but other energy companies are also seeing their stocks drop.
U.S. stock futures were trading mostly lower on Friday, after global markets were hit by OPEC's announcement that it would not cut its output.
Some of the names on the move ahead of the open.
Jim Cramer is feeling inspired by mergers announced recently and thinks these two large players in the oil patch should get hitched.
Halliburton's stock is having the worst post-deal performance of the year, after news the company is buying out Baker Hughes.
"Mad Money" host Jim Cramer issues a warning investors should heed.
Jim Cramer just can't make sense of what's happening in the market. Why does it keep going higher? Is it time to stop questioning and jump in?
A sale of parts of Halliburton's business to appease regulators could be a game-changer for smaller oilfield services companies, analysts say.
Halliburton bought Baker Hughes to be a bigger, stronger integrated company to compete in the marketplace, said CEO Dave Lesar.
David Lesar, Halliburton chairman & CEO, addresses concerns over Austrian opposition to the deal with Baker Hughes.
David Lesar, Halliburton chairman & CEO, discusses volatility in the oil industrial and the complimentary technologies Baker Hughes brings to Halliburton.
Discussing Halliburton's $35 billion deal with Baker Hughes, David Lesar, Halliburton chairman & CEO, explains the strategy, price and timing behind the transaction. "A bigger, stronger, integrated company is needed to compete in this marketplace," says Lesar.
Deals worth $100 billion on Monday put the Street on pace for a year rivaling the dot-com bubble era and the private equity surge just before the financial crisis.
Stocks fell Monday after data had Japan unexpectedly falling into a recession.
M&A is alive and well in the energy sector. Here's the buzz about which companies might be next, says NYSE floor trader Kenny Polcari.
Halliburton has agreed to buy rival Baker Hughes in a stock and cash deal valued at $34.6 billion. Dr. J has Baker Hughes in his trader playbook, and believes the stock goes higher from here.
Japan's economy unexpected fall into recession increases the likelihood of demands for further stimulus.
Discussing Halliburton's roughly $34.6 billion for Baker Hughes, Michael LaMotte, Guggenheim Securities, says the deal allows both companies to get ahead of the markets on the cost curve and from a business cycle standpoint makes great sense.
Halliburton on Monday agreed to buy Baker Hughes in a cash and stock deal valued at $34.6 billion.