Halliburton: Big Red On The Rise

Aug. 28, 2022 10:31 AM ETHalliburton Company (HAL)12 Comments

Summary

  • Halliburton turned in solid numbers for Q-2, 2022.
  • Management made bullish commentary about the state of the market.
  • Share have barely moved with the turmoil in the market. We believe that condition will pass soon and shares of Halliburton will reprice higher.
  • We think the company is attractive near current levels for growth and modest income.
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Introduction

Halliburton Company, (NYSE:HAL) delivered the mail for Q-2, beating on the top and bottom lines, to no one's great surprise. Even in the adverse market we have currently, the share price has nudged firmly back into the low $30's

Halliburton Price chart

Halliburton Price chart (Seeking Alpha)

EIA 914 Data

EIA 914 Data (Author)

DPR Date Thru Aug

DPR Date Thru Aug (Author)

Spreads Vs Revenue

Spreads Vs Revenue (Spears & Associates)

Hally Revenue by Region

Hally Revenue by Region (Seeking Alpha)

This article was written by

Fluidsdoc profile picture
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40 years of oilfield and analyst experience to work to find you winners.

I am an oilfield veteran of 38+ years. Retired from Schlumberger since 2015. My background is drilling and completion fluids. I have authored a number of technical papers on completion topics. I have worked around the world- Brazil, Russia, Scotland, and the Far East. I still maintain a training and consulting practice and am always willing to help people who want to learn.

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Disclosure: I/we have a beneficial long position in the shares of HAL, SLB either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Additional disclosure: This is not advice to buy or sell this stock or ETF in spite of the particular rating I am forced to select in the SA template. I am not an accountant or CPA or CFA. This article is intended to provide information to interested parties and is in no way a recommendation to buy or sell the securities mentioned. As I have no knowledge of individual investor circumstances, goals, and/or portfolio concentration or diversification, readers are expected to do their own due diligence before investing their hard-earned cash.

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