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Halliburton (HAL) is facing a tough outlook. The dip in oil prices has fueled an unprecedented decline in drilling activity, with the US oil producers significantly slashing capital expenditures and the rig count falling to historical lows. Halliburton posted decent results for Q1-2020 but its earnings will likely come under a lot of pressure from Q2-2020. In my view, the Houston, Texas-based oilfield services provider has the financial muscle to stand firm in this difficult period. The good thing, however, is that we're now starting to see some early signs of a recovery