Last year was a tough one for Halliburton (HAL), the leading fracking services provider in the US, and things will get a whole lot worse in 2020. The plunge in oil prices and the resulting drop in drilling activity will push the company's earnings lower. Although Halliburton is facing a grim outlook, there are a few bright spots as well.
Halliburton's financial health is in decent shape and the company can withstand this turmoil. Moreover, I believe the company can also harvest significant cash by effectively managing working capital. The excess cash can