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Lufkin competes with other oilfield services companies like Baker Hughes, Cameron Corp. and FMC Technologies.
FORBES: GE Will Purchase Lufkin Industries For $3.3B. So What Exactly Is It Buying?
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Other competitors in the energy sector include: FMC Technologies (FTI), National-Oilwell Varco (NOV), and Dril-Quip (DRQ).
FORBES: Earnings Preview: Cameron International
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Then bad welding on production manifolds made by FMC Technologies (weakened by months sitting unattended on the seafloor) led to leaks.
FORBES: BP Oil Spill Investigation Will Focus On Blowout Preventers
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Back on October 25, FMC Technologies, Inc.
FORBES: Snatch Shares of FTI Cheaper Than the COO Did
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In the case of FMC Technologies, Inc.
FORBES: FMC Technologies Stock Getting Very Oversold
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Among the largest underlying components of OIH, in trading today FMC Technologies, Inc. ( NYSE: FTI) is up about 0.9%, Cameron International Corp ( NYSE: CAM) is up about 1.5%, and Seadrill Ltd ( NYSE: SDRL) is higher by about 0.3%.
FORBES: Noteworthy ETF Outflows: OIH, FTI, CAM, SDRL
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Among the largest underlying components of OIH, in trading today Baker Hughes Inc. ( NYSE: BHI) is off about 1.3%, FMC Technologies, Inc. ( NYSE: FTI) is down about 2.1%, and Weatherford International, Ltd. ( NYSE: WFT) is lower by about 1%.
FORBES: Notable ETF Outflow Detected - OIH