Summary
The stock is now down more than 50% from its high and is heading towards prices not seen in a decade.
Contrarian investing should work well with this premier firm.
Third quarter earnings are down from second quarter earnings.
The market fears lower capital budgets leading to lower drilling and weaker service pricing.
The oil market does not appear to be far out of balance, so this period of weakness should quickly reverse.
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Sometimes, Mr. Market gets so convinced that the future is bleak that the really great names in industry go on sale. Halliburton (HAL) is one of those key oil and gas industry names that are now in the bargain bin.
Source: Seeking Alpha Website December 24, 2018
