Halliburton Co

HAL-N

Analysis and Opinions about HAL-N

Signal
Opinion
Expert
HOLD
HOLD
November 18, 2014

With the recent bid for Baker Hughes, the price has fallen 10%. He is really dumbfounded by this whole situation. This was rumoured last Friday and they met all weekend. He finds this thing to be absurd and he just doesn't get it. If you own it, let this thing play out and see where it is going.

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Halliburton Co (HAL-N)
November 18, 2014

With the recent bid for Baker Hughes, the price has fallen 10%. He is really dumbfounded by this whole situation. This was rumoured last Friday and they met all weekend. He finds this thing to be absurd and he just doesn't get it. If you own it, let this thing play out and see where it is going.

COMMENT
COMMENT
November 17, 2014

Acquiring Baker Hughes. Between this and Schlumberger (SLB-N), they will have anywhere from 60% to 90% market share, which will be more concentration than regulators are going to want to see. They will have to get through an antitrust test. There are going to be tremendous synergies. This is probably going to be a good deal.

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Halliburton Co (HAL-N)
November 17, 2014

Acquiring Baker Hughes. Between this and Schlumberger (SLB-N), they will have anywhere from 60% to 90% market share, which will be more concentration than regulators are going to want to see. They will have to get through an antitrust test. There are going to be tremendous synergies. This is probably going to be a good deal.

BUY WEAKNESS
BUY WEAKNESS
July 23, 2014

Likes this and the energy services space a lot. In this part of the cycle, especially when the energy sector is moving up, these service companies are the ones that are most leveraged and tend to do well. This is a great one to own. Pretty cheap relative to the rest of the market. Looking for a 5%-10% pullback.

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Likes this and the energy services space a lot. In this part of the cycle, especially when the energy sector is moving up, these service companies are the ones that are most leveraged and tend to do well. This is a great one to own. Pretty cheap relative to the rest of the market. Looking for a 5%-10% pullback.

TOP PICK
TOP PICK
June 26, 2014

Outlook is better than expected. International business has done extremely well for them. Mexico offers a very big opportunity in the next 12 months. Domestically drilling in shale formations suggests a big upside for them.

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Outlook is better than expected. International business has done extremely well for them. Mexico offers a very big opportunity in the next 12 months. Domestically drilling in shale formations suggests a big upside for them.

BUY
BUY
June 23, 2014

Second biggest energy services businesses in the world. Involved in fracking. They are global. A cold winter did not impact them like Canadian-only companies.

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Second biggest energy services businesses in the world. Involved in fracking. They are global. A cold winter did not impact them like Canadian-only companies.

PAST TOP PICK
PAST TOP PICK
March 19, 2014

(A Top Pick March 13/13. Up 37.21%.) Not much has changed. Still doing extremely well internationally. Still struggling a little bit domestically, but that is kind of fuel for the future. Quite excited about the fact that there should be some big activity in the US. They just need the well build cycle to build and domestically he thinks they will do quite well. On the international side they are growing at double digit revenue new growth.

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Halliburton Co (HAL-N)
March 19, 2014

(A Top Pick March 13/13. Up 37.21%.) Not much has changed. Still doing extremely well internationally. Still struggling a little bit domestically, but that is kind of fuel for the future. Quite excited about the fact that there should be some big activity in the US. They just need the well build cycle to build and domestically he thinks they will do quite well. On the international side they are growing at double digit revenue new growth.

COMMENT
COMMENT
March 17, 2014

Wide range of oil field services and has been doing pretty well. This should continue to be a major beneficiary and you are seeing a fair amount of capital expenditure by the majors. Not especially expensive for a stock with as good a pedigree as it has. If you are going to pay high teens for anyone, somebody with the geographical breadth and the range of different services offered that this one has, is probably a better bet than some of the other stuff that is selling in the high teens or mid-$20 in the US market.

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Halliburton Co (HAL-N)
March 17, 2014

Wide range of oil field services and has been doing pretty well. This should continue to be a major beneficiary and you are seeing a fair amount of capital expenditure by the majors. Not especially expensive for a stock with as good a pedigree as it has. If you are going to pay high teens for anyone, somebody with the geographical breadth and the range of different services offered that this one has, is probably a better bet than some of the other stuff that is selling in the high teens or mid-$20 in the US market.

HOLD
HOLD
December 18, 2013

The leading US service company. Can’t see it falling below the 200 day moving average and can easily see it getting back up into the $54 range. One thing he finds troubling is that they have property in West Africa. In 2015, the US will be the world’s largest oil producer. 1.2% dividend yield.

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Halliburton Co (HAL-N)
December 18, 2013

The leading US service company. Can’t see it falling below the 200 day moving average and can easily see it getting back up into the $54 range. One thing he finds troubling is that they have property in West Africa. In 2015, the US will be the world’s largest oil producer. 1.2% dividend yield.

TOP PICK
TOP PICK
October 21, 2013

Good earnings but expectations were heightened. Rig counts are down in North America.

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Halliburton Co (HAL-N)
October 21, 2013

Good earnings but expectations were heightened. Rig counts are down in North America.

BUY
BUY
October 15, 2013

$71.57 Model price, 40% upside. It is his number one position in one fund. Like most large cap stocks in the US, this looks absolutely great.

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Halliburton Co (HAL-N)
October 15, 2013

$71.57 Model price, 40% upside. It is his number one position in one fund. Like most large cap stocks in the US, this looks absolutely great.

PAST TOP PICK
PAST TOP PICK
July 17, 2013

(BNN got their Past Top Pick dates wrong on today’s shows. I show the 3 Top Picks as being on July 25/12, not June 25/12. – Bill)

(A Top Pick July 25/12. Up 64.9%.) Doing very, very well on the international side. Have yet to hit on all cylinders domestically, although that is starting to happen. It is really a function of natural gas prices, which is a boon to them because there are so many wells being drilled.

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(BNN got their Past Top Pick dates wrong on today’s shows. I show the 3 Top Picks as being on July 25/12, not June 25/12. – Bill)

(A Top Pick July 25/12. Up 64.9%.) Doing very, very well on the international side. Have yet to hit on all cylinders domestically, although that is starting to happen. It is really a function of natural gas prices, which is a boon to them because there are so many wells being drilled.

PAST TOP PICK
PAST TOP PICK
June 19, 2013

(A Top Pick July 25/12. Up 39.91%.) The US has had an explosion in fracing which means there is a lot of need for a lot more equipment. However, they have really made their money in the international markets.

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(A Top Pick July 25/12. Up 39.91%.) The US has had an explosion in fracing which means there is a lot of need for a lot more equipment. However, they have really made their money in the international markets.

BUY
BUY
April 11, 2013

Have been carried over the last year or so on the back of their international business but their domestic business is starting to pick up with the US energy self-sufficiency move. There is a lot of optimism and a lot of activity surrounding that. Sort of ebbs and flows with the price of natural gas.

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Halliburton Co (HAL-N)
April 11, 2013

Have been carried over the last year or so on the back of their international business but their domestic business is starting to pick up with the US energy self-sufficiency move. There is a lot of optimism and a lot of activity surrounding that. Sort of ebbs and flows with the price of natural gas.

COMMENT
COMMENT
March 27, 2013

Pretty good valuation, reasonable growth prospects. Only 50% of their revenue comes from onshore US.

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Halliburton Co (HAL-N)
March 27, 2013

Pretty good valuation, reasonable growth prospects. Only 50% of their revenue comes from onshore US.

TOP PICK
TOP PICK
March 13, 2013

Oil field services. Have been doing very well internationally but domestic side has been poor. Oil rig counts are way down and he believes this is troughing. A supply/demand situation. As the US move towards energy self-sufficiency, there is going to be a lot of work for companies like this. Earnings have some room to grow. Dividend yield of 1.2%.

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Halliburton Co (HAL-N)
March 13, 2013

Oil field services. Have been doing very well internationally but domestic side has been poor. Oil rig counts are way down and he believes this is troughing. A supply/demand situation. As the US move towards energy self-sufficiency, there is going to be a lot of work for companies like this. Earnings have some room to grow. Dividend yield of 1.2%.

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