Prices for guar, used by oilfield services companies (OIH) in fracking, have dropped ~30% YTD to...

|By:, SA News Editor

Prices for guar, used by oilfield services companies (OIH) in fracking, have dropped ~30% YTD to ~$3/lb. and could fall as low as $1.50/lb. later this year, UBS says as it bumps EPS estimates by 4.5% for Halliburton (HAL), 2.5% for Baker Hughes (BHI) and 1.5% for Schlumberger (SLB). HAL gets the biggest bump because it's North America's leader in pressure pumping, which makes it the oil patch's most extensive guar user.