Halliburton-On the rise? Message Board

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Gold/Mining/Energy : Halliburton-On the rise?

HAL 27.09

+1.0%

3:59 PM EST

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To: Neil H who wrote (22)	5/27/2000 3:11:00 PM
From: Digitom	Read Replies (1) of 153

HAL featured in this week's Barron's. Opening paragraph follows... Oilfield stocks are rallying. The major energy companies will likely reopen their wallets soon. So why do shares of Halliburton, the world's second-largest oil-service outfit, lag? The short answer is that the Dallas-based company gets about 70% of its revenues from the international market, where exploration and production have yet to take off. Moreover, a large part of Halliburton's business is in engineering and construction -- activities that traditionally begin to pay off late in the oil cycle. In other words, the very things that are holding the stock back now are likely to power it higher over the next 18 months or so. HAL also forming very picturesque cup-with-handle pattern for those who appreciate such patterns... siliconinvestor.com

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