Slipping oil prices have definitely taken the steam out of what had been
a strong seasonal move in many oil service and equipment stocks. Even
so, many in the oil and gas industry seem to think that rig counts have
bottomed and that exploration and production activity will start picking
up again in 2013 barring a major economic downturn. While the timing
and magnitude of that recovery does present some risk to Halliburton (NYSE:HAL)
investors, today's valuation looks like a pretty attractive entry point
to play an eventual recovery in the services and equipment sector.
Please click below to read the full article:
http://www.investopedia.com/stock-analysis/042213/halliburton-has-gotten-interesting-again-hal-slb-bhi-wft-dov-lufk-ge-apa-cat.aspx
No comments:
Post a Comment