Halliburton's profits for the second quarter soared 83 percent and beat expectations.
I guess the analysts overlooked the news that, in the North Dakota Bakken, Halliburton went to 24/7 fracking earlier this year to keep up with demand. Still, there is a backlog in fracking .
(For investors: analysts and Halliburton warn that the moratorium in the gulf will hurt earnings for 2010.)
No comments:
Post a Comment