HAL - Halliburton Co.

[stargazer]

HAL - Halliburton Co.

I'm not in on this one, I'm just observing.

How many of you think this stock will break through the resistance level and keep on going? :D

It's got earnings coming out next week on Monday, before the market opens.

[kingfisher]

This should help.

HOUSTON (AP) - Oilfield services conglomerate Halliburton Co. has been awarded a five-year, $200 million contract to provide completion products and services to a group of energy companies operating in Malaysia.

The group includes Petronas Carigali, Exxon Mobil Exploration & Production Malaysia Inc., Shell Exploration and Production Malaysia and Newfield Peninsula Malaysia Inc., Halliburton said Thursday.

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The company said the contract has the potential to extend beyond five years.

The project will be aided by the addition of Halliburton's new manufacturing facility under construction in Malaysia.

Shares of Halliburton rose 47 cents to $36.12 in trading. They've traded in a 52-week range of $26.33 to $37.20.


© 2007 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

[billythekid245]

technicals look strong for a breakthrough of the resistance, should make it a new support...

backed by solid fundamentals as well.

[TonyM]

SLB reports bmo tommorow, could impact HAL in either direction. Banc of America initiated coverage at a buy on HAL, SLB, DRQ and BHI yesterday and it showed in their gains today, a good er beat by SLB could provide a good bump for the drillers tommorow. I'll probably sell my position some time on Friday, HAL's er response last Q wasn't inspiring even though they beat expectations.

[Thierry Martin]

1566

[TonyM]

SLB came through, HAL and DRQ should do well today.