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Halliburton (HAL +1.2%) is cut to Neutral from Buy with a $38 target price (down from $40) at...

  • Thursday, October 18, 2012, 9:48 AM ET
    Halliburton (HAL +1.2%) is cut to Neutral from Buy with a $38 target price (down from $40) at Global Hunter, which notes the change in strategy if production slows "likely mitigates pumping margins from getting materially worse. [But] there will be close to a million horsepower collectively sitting in yards across NAM, and thus the road to recovery in pricing is a long ways off."
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This news story has 4 comments:

  •  
    The light at the end of my HAL-break-even tunnel just keeps getting dimmer and dimmer.
    18 Oct 2012, 11:10 AM Reply Like
  •  
    Ever considered selling covered calls to generate a little income?
    21 Oct 2012, 10:04 AM Reply Like
  •  
    Not until now. Thanks.

    I have never sold a covered call.

    How far up and out would you go at this point?
    22 Oct 2012, 02:19 PM Reply Like
  •  
    i ve been underwriting a bunch at 38 - 39 all yr, usually sell 15 % OTM , 3 month fwd. got assigned for a small subset when i got aggressive and sold 14 contracts of 33 prior to earnings
    23 Oct 2012, 02:51 PM Reply Like
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