Monday, April 22, 2013

Investopedia: Halliburton Has Gotten Interesting Again

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.

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