HAL - Halliburton's Spirit Is Indomitable But The Path Ahead Is Uneven
- Halliburton's revenue is likely to increase in the near-term on the back of higher international activities.
- The company has a strong international presence and should benefit if the decline in U.S. oil production enables the international short-cycle producers to regain market share.
- While the North American offshore market woes are far from over, some positive signs related to fracking activities have emerged in the recent weeks.
- The company's free cash flow increased remarkably in 9M 2020;with a high debt-to-equity ratio, increased FCF can improve investors'sentiment in the current environment.
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Halliburton's Spirit Is Indomitable, But The Path Ahead Is Uneven