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February 11, 2013
09:45 EDTHALHalliburton sees foreign currency loss of approx. $30M in Q1
In February, the Venezuelan government announced a devaluation of the Bolívar Fuerte, from the preexisting exchange rate of 4.3 Bolívar Fuertes per United States dollar to 6.3 Bolívar Fuertes per United States dollar. As a result of the devaluation, the company is estimating a foreign currency loss of approximately $30M in 1Q13. The February devaluation did not impact its 2012 results of operations, financial position, or cash flows. Further devaluation of the Bolívar Fuerte could impact its operations. As of December 31, 2012, its total net investment in Venezuela was approximately $328M, including net monetary assets of $74M denominated in Bolívar Fuerte.
News For HAL From The Last 14 Days
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November 27, 2015
10:37 EDTHALEU Commission sets Jan. 12 deadline to rule on Baker Hughes, Halliburton deal
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November 18, 2015
08:37 EDTHALBaker Hughes has superior risk/reward ratio, says BMO Capital
BMO Capital believes that Baker Hughes (BHI) has one of the best risk/reward ratios in its coverage universe. The firm thinks the stock will rise 25% if its acquisition by Halliburton closes, and fall only 9%-14% in the medium term if the deal falls through. BMO now sees an 80% chance of the deal closing, up from 70% previously.
November 15, 2015
12:59 EDTHALBaker Hughes shares could gain, lose 30% on merger verdict, Barron's says
Shares of Baker Hughes (BHI) could gain 27% if its combination with Halliburton (HAL) gains regulatory approval, but "there is too much uncertainty" to take that bet, as a negative verdict on the merger could send Baker plunging 20%-30%, Barron's contends in a 'Trader Extra' column. Investors searching for less risky arbitrage deals may instead take a look at Berkshire Hathaway's (BRK.A, BRK.B) offer for Precision Castparts (PCP), argues the publication. Reference Link

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