HAL - Halliburton Is Looking Better After Blowout Quarterly Results
Halliburton (HAL) has reported a large drop in earnings, but the company managed to post an adjusted net profit as well as free cash flows despite facing a tough business environment. I think the persistent weakness in E&P activity might keep the Houston, Texas-based oilfield services provider's earnings subdued in the coming quarters. But the company could remain profitable and continue generating free cash flows. Furthermore, Halliburton's long-term outlook is looking exciting as the company shifts its focus from its North American heartland to the international markets, a strategic change that might open up high-margin