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

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."
Comments (4)
  • TwistTie
    , contributor
    Comments (2477) | Send Message
     
    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
  • Slipkid1850
    , contributor
    Comments (28) | Send Message
     
    Ever considered selling covered calls to generate a little income?
    21 Oct 2012, 10:04 AM Reply Like
  • TwistTie
    , contributor
    Comments (2477) | Send Message
     
    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
  • Rajbajaj
    , contributor
    Comments (9) | Send Message
     
    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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