In this time of worldwide economic turmoil, the largest companies will grow throughout the crisis and the smaller players will need to be well positioned to produce equal risk-adjusted returns. Halliburton is the second-largest Oil & Gas Equipment & Services company, behind Schlumberger. With the price of oil above 100$, the Houston-based company's segment faces increasing demand. The oil-rich countries are often forced to work with the largest infrastructure companies like Halliburton because of the size of the projects. The lower oil prices have pushed the stock to lower levels, mak...
The need for oil drilling services will continue even if the price of oil declines, according to Richard Lehmann. Here, in his The ETF Investor, he looks at a favorite way for investors to play this trend.
"Oil prices have a triple or quadruple price boost associated with them. The first is supply/demand dynamics, the second is the weak dollar, the third is speculative fervor and the fourth inflation fears.
I've liked Haliliburton for one main reason - when oil goes up and everyone starts freaking-out, Halliburton is always the one stock I can count on to do well. It is just about to surpass it's 52-week high but with record oil prices this should come as no surprise. A P/E of 12.84 compared to 17.87 and 24.25 for it's two main competitors BHI and SLB shows there is definitely room for further growth. A PEG of 1.16 also makes me feel confident that the price isn't quite right yet. If you think oil is going up, then I'd put some money into HAL - it's been a faithful companion in these tough times.
KBR is no longer a part of Halliburton. All Hlliburton contracts are done or close to be done in Iraq. Chairman has moved to Dubai. Very few US liabilities. The company is leaner, technology within the company is swelling. Consider buying at around $44.92 and get ready for the new growth on the market with this company.
I usually do not short extended stocks unless I see a major divergence signal or at least one distrubution day. However, I decided to take a small short position in HAL today.
Technically, the stock still looks great and there are no major divergences. The 52 week high in price is confirmed by RSI, OBV and stochastics. So why am I making an exception to my "don't short strong momo stocks" rule?
Recap of CNBC's Fast Money, Monday April 14. Click on a stock ticker for more analysis.
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Guy Adami commented CEOs of financial institutions are not to be trusted completely when WB cut its dividend after a previous statement that there was no reason to reduce its yield. However, he would consider being long WB and other financials with a clear exit. While K
As you all may know Halliburton is unfavored to the public eye. The company has seperated from Kellog Brown Root (KBR). With an election coming up for a new President in 2008 there are not so many worries. This squashed many of the liberal leaning political candidates views on the company itself. Having Dick Cheney being so well related with this company does not always give it a good reputation.
Nevertheless, as you may know Citigroup (C) has unofficially announced there may be up to 40,000 upcoming layoffs as we proceed into the new year of 2008. In 1990 Prince Ali Wai pu...
As you all may know Halliburton is unfavored to the public eye. The company has seperated from Kellog Brown Root (KBR). With an election coming up for a new President in 2008 there are not so many worries. This squashed many of the liberal leaning political candidates views on the company itself. Having Dick Cheney being so well related with this company does not always give it a good reputation.
Nevertheless, as you may know Citigroup (C) has unofficially announced there may be up to 40,000 upcoming layoffs as we proceed into the new year of 2008. In 1990 Prince Ali Wai purc...
Halliburton just recently took about a 7% dump which I felt was rather unjustified, they are moving activities across the Atlantic to tap further into the oil industry on that side of the globe, I see the stock recovering from this recent loss in the short run and holding a steady increase from then on.
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About Halliburton Company
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