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A rise in natural gas fracking costs could crimp Halliburton (HAL -2.2%) shares, Susquehanna...
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Friday, June 8, 2012, 10:37 AM ETA rise in natural gas fracking costs could crimp Halliburton (HAL -2.2%) shares, Susquehanna writes, as the firm chops its price target and earnings estimates for the next three years. While HAL has been able to pass through prior price inflation due to a red-hot pressure pumping market, the firm now sees a sequential decline by 500-550 bps in North American margins due to guar gum inflation.
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What do they say about gamblers inner psychology really wanting to lose ?
HAL is punishment of the first degree..A nightmare !
First, temporary GUAR GUM costs don't change the positive fundamental outlook that HAL has in store, and HAS been producing (NOT reflected in the stock price, unfortunately), and don't put anything near a "Bear cloud" over the company. It's gonna impact them, a bit, in the short term.
Second: I'm long this damn stock from $33.50 when it was STILL heavily "undervalued" technically, so I get to play the stuck game! Grr.