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Gold/Mining/Energy : Halliburton-On the rise? -- Ignore unavailable to you. Want to Upgrade?


To: tombet who wrote (6)12/27/1998 8:26:00 PM
From: fred woodall  Read Replies (1) | Respond to of 153
 
SLB/HAL looking very attractive. I'm in. GLM might dip a bit more but I jumped in anyway (8.750 on Wed.). Also might keep an eye for the bottom on BO.




To: tombet who wrote (6)12/29/1998 10:50:00 PM
From: Ben Beale  Read Replies (1) | Respond to of 153
 
From theStreet.com:

Halliburton (HAL:NYSE) said it plans to take a fourth-quarter after-tax charge of $24 million, or 5 cents a share, to cover 2,750 additional job cuts in its energy services group. The oil-services giant cited low crude oil prices and customers' plans to cut spending in 1999. Halliburton expects to report net fourth-quarter earnings of 14 cents to 16 cents a share, including the charge and costs related to project losses. The 22-analyst First Call estimate calls for operating earnings of 36 cents a share vs. the year-ago 58 cents.