Halliburton (HAL +5%) CEO Dave Lesar believes Q4 marked the bottom for North American margins,...

|About: Halliburton Company (HAL)|By:, SA News Editor

Halliburton (HAL +5%) CEO Dave Lesar believes Q4 marked the bottom for North American margins, although the U.S. pressure-pumping market will remain oversupplied without a rebound more significant than he expects. In an effort to keep prices from dropping further, HAL has idled 10 fleets and retired two older fleets from service rather than going after lower-priced transactional work.