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Monday, October 18, 2010

Halliburton's Earnings More Than Double

Halliburton's 3Q earnings more than double, 60 cents/share vs 29 cents/share on strength of natural gas drilling.

Who would  have thunk?

By the way, for newbies, Halliburton has a huge presence in the Williston Basin. In 2009 (or was it 2008), Halliburton announced plans to expand facilities in Williston with a $20 million expansion. Shortly after that Halliburton announced that it was going to 24-hour fracking operations to deal with the fracking backlog.

Halliburton is huge in the Bakken. I don't hold any shares in HAL.

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