Halliburton Reports Strong Earnings and Sees Early Recovery in North American Oil Patch
Halliburton reported earnings that surpassed analyst estimates, leading to a rise in its shares, and noted early signs of a major capital expenditure upcycle and recovery in the North American oil market.
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Halliburton beats estimates as shares rise on early signs of North America recovery
Read full article →Halliburton Sees First Signs Of Life In America's Oil Patch: "We Are In Early Innings"
Halliburton Sees First Signs Of Life In America's Oil Patch: "We Are In Early Innings" An emerging theme we are focusing on is the early stage of a major capex upcycle in America's oil patch, with even Goldman now moving in that direction and forecasting a boom that could echo the industry's expansion cycle of the early 2000s. Continental Resources CEO Doug Lawler was the first of the major oil patch players to mention in early April that "Continental is increasing our capital ...
By Tyler Durden
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