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To: jim_p who wrote (6790)2/19/2002 1:18:50 PM
From: Tommaso  Read Replies (2) | Respond to of 206326
 
I guess the NG rally is real because it is happening, but it sure seems to have a long horizon if it is. I am holding my basic NG positions, but I can't see the storage getting depleted again very soon. Maybe late in 2003.

I think I will wait a while--maybe if the general market tanks I can switch anything I make on my bear positions into NG and catch another cycle.



To: jim_p who wrote (6790)2/19/2002 3:31:36 PM
From: Terry D  Respond to of 206326
 
Halliburton( HAL $16.27 ) - Attractive Price Target: $20.00 Clearing a Path Through the Asbestos Jungle

MarketCap: $7 Billion Index: NYSE Composite, S&P 500, Russell 1000
Robin Shoemaker - Oil Service and Equipment

HAL emerged in much better control of its destiny thanks to a favorable federal court ruling on Friday. Still, HAL shares are trading at a 50% discount to where they would be without the asbestos overhang. We think investors will reassess HAL’s asbestos liabilities and its stock valuation after the dust settles. The court opened a way for HAL’s former subsidiary, Harbison Walker, to set up a trust for all asbestos claims. We affirm our Attractive and $20 price target on HAL shares following this favorable court ruling.

Bear Stearns: 12/02E $1.05; Q1 $0.29 12/03E $1.35
Consensus: 12/02E $1.06; Q1 $0.25 12/03E $1.50

Consensus Rating: 2.4 (Last Updated 2/17 )