HAL - Halliburton: Cost Cutting And Cash Flows Are Fine But Primary Drivers Fall Short
HAL Strengthens Internally
Halliburton's (HAL) international diversification intensified significantly in Q1 as it is currently drawing two-third of its revenues from outside of North America. I think revenues and margin from North America may decline in the near term, while the onshore completions activity in the Middle East and some parts of the North Sea will stabilize and strengthen. The company's international diversification strategy and enhancing the digitalization service have lessened some of the operational risks and should put a premium on its stock market price. Currently, the success of its strategy