The Bloodletting Begins At Halliburton

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About: Halliburton Company (HAL), Includes: BKR, DIA, QQQ, SLB, SPY
by: Shock Exchange
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Summary

Halliburton announced it was laying off over 800 employees in Oklahoma.

HAL has been cutting costs throughout the year. Additional bloodletting likely reflects declining E&P in the oil patch.

Falling industrial activity and the trade war with China could create more headwinds.

Sell HAL.

Source: Forbes

Earlier this month Halliburton (HAL) announced it was laying off more than 800 employees amid a slump in the oil patch:

Halliburton is laying off more than 800 employees in El