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To: SJS who wrote (26870)	8/1/1998 3:52:00 PM
From: Bolder	Read Replies (1) \| Respond to of 95453

I have been following this thread for about a month and I have noticed that rarely does anyone comment on Halliburton. Based on First Call estimates, HAL is expected to earn $2.14 this year and $2.63 in 1999 which represents a growth rate of 22% and 23% , respectively. Yet it is current selling for a PE of 17 on 1998 projected earnings and a 14 PE on next years earnings. The 52 week price range for this stock has been 63 1/4--35 1/4 so at yesterday's closing price of 36 5/16 it is only selling for a point above its yearly low. It's 2nd quarter earnings of .51 beat the streets estimate by .01. As has been the case with almost all stocks in this sector, HAL did say that some segments of its business would slow in the 2nd half of this year but I believe that First Call's earnings estimate has already been adjusted downwards to reflect current market conditions. Also, I don't think there has been any insider selling during the past 6 months. I think HAL offers a great opportunity to buy one of the ' blue chips' in this sector for a long term investment. Any comments?