After General Electric divested parts of its financial services business over the past year and reportedly decided to sell its consumer lending business, some are wondering if it’s sights are set on oil and gas acquisitions.
Global Financial Private Capital told Bloomberg attractive targets for GE to buy could be Dresser-Rand Group and Dril-Quip.
Dresser-Rand makes compressors and turbines used in the oil and gas industry; Dril-Quip makes drilling equipment for deepwater use.
GE has already invested $15 billion in equipment that would lead to a safer system of hydraulic fracturing, the Wall Street Cheat Sheet said.
Another potential target for GE could be Chart Industries, according to reports. It makes equipment for storing natural gas.