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July 21, 2014
09:28 EDTHALHalliburton says 'not feeling the turn in North America, we are in the turn'
Says was "dead on target" when said last quarter that it was beginning to "feel the turn" in North America. Says fracking market oversupplied by less than 10%. Sees new fracking supply coming out in Q4, FY15. Says sized and scoped "correctly." Outlook for FY remains intact. Says "encouraged" by the prospect of energy reform in Mexico. Optimistic about future growth potential in Latin America going into 2015. Says operations in Iraq are "away from fighting," are continuing. Sees some risk from Russia sanctions related to certain projects being tendered later this year; says sanctions have had no material effect to this point. Sees effective tax rate 28%-29% for remainder of the year. Sees cash flow growing in the coming years. Sees FY14 CapEx approximately $3.3B. Expects Middle East region to have highest growth rate in 2014. Comments made on the Q2 earnings conference call.
News For HAL From The Last 14 Days
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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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