Tuesday, January 29, 2013

Investopedia: Have Investors Gone Overboard With Halliburton

It's not uncommon for energy service stocks to do well around the turn of the year. Maybe it's the optimism that a new year brings, or a byproduct of the excitement that energy companies often try to drum up about their drilling plans for the coming year. Whatever the case, Halliburton (NYSE:HAL) has enjoyed a strong run since mid-November with shares climbing more than 30%. Much as Halliburton's fourth quarter does validate some long-term optimism about the business, investors may want to be careful in just how enthusiastically they chase this name right now.

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