General Electric (NYSE:GE) is not messing around when it comes to making itself into a leading manufacturer of equipment for the oil and gas industry. Having already established a strong presence for itself in areas like subsea and surface equipment, GE is taking a deeper dive into artificial lifts with its high-priced acquisition of Lufkin Industries (Nasdaq:LUFK).
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http://www.investopedia.com/stock-analysis/040913/ge-pays-get-another-attractive-energy-business-ge-lufk-wft-dov.aspx
Investopedia: GE Pays Up To Get Into Another Attractive Energy Business
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