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Stock Market & Financial Investment News

News Breaks
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.
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September 18, 2014
07:38 EDTHALUBS to hold a conference
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September 12, 2014
15:48 EDTHALSchlumberger favored to win Petrobras service contract, Bloomberg reports
Schlumberger (SLB) is favored to win half of the well services work being offered by Petrobras (PZE) which is valued at more than $2B, Bloomberg says, citing two people with knowledge of the tender. Schlumberger had submitted the most competitive bid for 50% of the well services work, Halliburton (HAL) had placed the lowest-cost bid for 30% of the work, and Baker Hughes (BHI) is set to win the remaining 20% of the work, the people added. Reference Link
September 9, 2014
07:18 EDTHALStephens to hold an investor trip
Energy: Oilfield Services Investor Plane Trip travels throughout Texas and Oklahoma on September 9-10.

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