September 22, 2014

European Conglomerate Spends $7.6 Billion for a Role in United States Shale

September 22, 2014

On September 22, 2014, Siemens (ticker: SIE), an $84 billion market cap engineering and electronics conglomerate based in Germany, announced the acquisition of Dresser-Rand (ticker: DRC) for $7.6 billion (Euros). Dresser-Rand is one of the world’s largest equipment suppliers in the oil and gas industry and specializes in rotating equipment solutions. The deal involves $6.4 billion in cash and the

While Estimated Costs Double, 42,000 U.S. Workers Sit Idle, and Still No Keystone XL Pipeline

September 22, 2014

After six years and 17,000 pages of environmental studies, TransCanada (ticker: TRP) is still waiting alongside an estimated 42,000 U.S. workers who could fill direct and indirect pipeline-related jobs. Sitting in the queue is the remaining 1,200 miles of oil pipeline required to start Canadian crude oil flowing from Saskatchewan to U.S. refineries on the Gulf coast. According the company’s

European Conglomerate Spends $7.6 Billion for a Role in United States Shale

While Estimated Costs Double, 42,000 U.S. Workers Sit Idle, and Still No Keystone XL Pipeline

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