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Stock Market & Financial Investment News

News Breaks
October 15, 2012
11:42 EDTHALHalliburton November volatility flat into Q3 and contract order growth
Halliburton October call option implied volatility is at 46, November and January is at 32; compared to its 26-week average of 33 according to Track Data, suggesting non-directional price movement after the expected release of Q3 results on October 17.
News For HAL From The Last 14 Days
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February 10, 2016
07:00 EDTHALNabors Industries offers best value among Land Drillers, says Citi
After assessing a range of net asset values for Land Drillers based on a various recovery scenarios, Citi analyst Scott Gruber says Nabors Industries (NBR) offers the best value within the group. The stock presents upside of 200% in his bull case and 65% downside in his bear case. Gruber calls Halliburton (HAL) his top pick, however, saying frac "offers superior recovery potential" to land rigs. The analyst has Buy ratings on both names along with Patterson-UTI (PTEN). He has a Neutral rating on Helmerich & Payne (HP).
February 9, 2016
12:46 EDTHALHalliburton intends to sell Baker's offshore fluids business, Bloomberg says
Halliburton (HAL) intends to divest Baker Hughes' (BHI) offshore drilling-and-completions fluids division and the lion-s share of Baker's completion systems, Bloomberg reports, citing people familiar with the matter. The move would add to the list of assets Halliburton plans to sell in an effort to allay regulators who have been stalling its takeover of Baker Hughes, the report says. Reference Link
February 8, 2016
08:45 EDTHALBaker Hughes downgraded to Equal Weight at Morgan Stanley
As previously reported, Morgan Stanley downgraded Baker Hughes (BHI) to Equal Weight from Overweight. Analyst Ole Slorer sees increased risks around the Halliburton (HAL)/Baker Hughes deal and said the market seems to be underestimating the obstacles. Slorer said the deal could take another 5-6 months and face increased resistance from EC regulators, and is concerned any delay will accelerate Baker Hughes' deteriorating performance. The analyst thinks Baker Hughes shares could fall into the low $30's, if the deal fails.
February 3, 2016
18:34 EDTHALEuropean Commission extends review of Halliburton-Baker Hughes merger by 20 days
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