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Old 24th Feb 2008, 14:42
  #20 (permalink)  
Phone Wind
 
Join Date: Feb 2004
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Post Chopped And Diced

Here's a comment I found by an American poster on a Nigerian website which offers a bit more insight into First reserve:

"Give First Reserve a mimimum of 2 years before they dice it up and sell it off. Everytime they buy a company, they make their money quickly and then put it up for sale for another tidy sum. I watched what they did to Powerchokes when they wanted to go public in which they were able to buy the Halliburton Well Testing division and became Powerwell and then when things were going great, they sold them off to Expro for a nice profit. After all that was said and done, things within the ranks in the new group got ugly. Of course, it you want to look at it another way, they helped Weatherford become what they are today"
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