Just curious on your thoughts for Halliburton stock prices this year. So far, it's not looking too good. Thanks
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OPEC leaning towards larger oil cuts as virus hits prices.
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Hal Stock below 18 this morning
- S. crude drops below $50 as virus spreads in Middle East and Europe and HAL stock is down to $19.
Oil stocks are in ‘the death knell phase... You’re seeing divestiture by a lot of different funds. It’s going to be a parade. It’s going to be a parade that says, ‘Look, these [stocks] are t-b-cco and we’re not going to own them.’”
Oil stocks are the new t-b-cco, in ‘death knell phase,’ says Jim Cramer
Another round is coming, with the next generation of so call elite taking the job from us.
Stocks was looking good few years ago flirting with 70$ a share and Baker Hughes deal in the works now totally junk may never recover, kinda matches rest of Halliburton.
Things are not going to change this year. We were told by our manager to expect more lay offs in the future.
Short the stock or dump it. Oil and Gas is in the dumps and will not return back to its ole glory days. This is the new norm.