Oops...forgot to paste the excerpt about Halliburton 2Q profit... "NEW YORK (AP) -- Halliburton Co. said Monday its second-quarter profit soared 83 percent as natural gas drilling activity picked up in the U.S.
The results beat Wall Street expectations, and its shares rose 5 percent in premarket trading.
Halliburton is the first of several companies connected to the Gulf oil spill to report second-quarter financial results. The company, which was hired by BP to seal the Macondo well before it blew up, has seen its stock tumble 17 percent since the April 20 explosion.
The U.S. ban on deepwater exploration will cut into company profits. But Halliburton has been able to boost earnings anyway through its land-based business, particularly operations involving horizontal drilling of shale gas deposits." Howzat! Happy Valley
SSN Price at posting:
6.5¢ Sentiment: Buy Disclosure: Held
