Halliburton Company is on its own playing field, but should you buy HAL stock yet?

- May 13, 2017

With crude oil prices at an 18-month high earlier this year, and overall sentiment for oil stocks turning higher, our very own petroleum engineer and oil & gas expert warned BNL Members not to get trapped into believing these were stocks to buy. He explained in mid-January that nothing in the oil & gas space was a buy at that moment, but long-term, Halliburton Company (NYSE:HAL) would prove to be the best, as would HAL stock when the market recovered. Here are a few other things our petroleum engineer said four months ago:

  • Nat gas prices had peaked at $3.40, and would not see sustainable pricing above $3.50. Today, nat gas prices are still right at $3.40.
  • Oil stocks would fall
  • Oil prices had peaked for the time being near $55. Crude is now under $48.
  • Halliburton, Schlumberger, & Pioneer Natural Resources are top plays, but not yet stocks to buy. HAL stock is down roughly 20% since that January article.

With these things considered, and given how oil stocks have fallen, I asked if Halliburton Company (NYSE:HAL) was a better investment than Baker Hughes Incorporated (NYSE:BHI). Furthermore, I asked if HAL stock is now a good investment after its 20% decline.

Is HAL stock a good buy, and better than Baker Hughes?

The following comments were made by our petroleum engineer, who is a BNL Member, in the member Live Chat section of members only. It has been edited for readability and syntax.

I hope we stay out of oil stocks for a while. We may get a nice pop here and there, but long term gains have not kicked in.

Halliburton and Baker Hughes were the two major service companies in my basin. Baker Hughes Incorporated (NYSE:BHI) shut down their offices and left. Laid off about 250 people. Great hands, with a lot of experience and knowledge. Halliburton Company (NYSE:HAL) did too during the down turn, but did not shut down their offices. Now they have put together a 3-4 frac crew in my area. So I am thinking Halliburton Company (NYSE:HAL) has a better business outlook/plan now vs Baker Hughes Incorporated (NYSE:BHI). I don’t know what they (Baker Hughes) are thinking, let go of an entire basin’s operations after building a customer base and trust over the years?

I think HAL stock is the best among the bunch. They are raising or keeping prices steady, not really cutting down and are also winning the market share from Baker Hughes. So in the long run, when I look for Major Oil field service company, HAL stock will be my first choice.
But is it a buy right now?
The rest of this content is exclusive to BNL Members only. (Unlock All Content & Much More)
  • Access all research reports, unlock hidden content, & follow stock coverage on more than 60 companies,
  • Know what stocks are being bought, sold, and held in the market beating BNL Portfolio, David's Dividend Portfolio, and Eddy's Options.
  • Get email notifications and mobile alerts the minute a trade is made. 
  • Join the fastest growing community of investors in the market, and engage with 100s of BNL Members in our Members Only section.

Learn More about BNL Membership and its no risk, no contract, guaranteed results policy!

Get our All Access Package for $85/month!

 

This entry was posted in Editor's Pick, Energy, Members Bookmark the permalink.
RSS feed for this post. Post a comment or leave a trackback: Trackback URL.

3 Trackbacks

  1. By Haga clic en el siguiente documento on May 14, 2017 at 7:06 am

    Haga clic en el siguiente documento

    Halliburton Company is on its own playing field, but should you buy HAL stock yet?

  2. […] Halliburton Company is on its own playing field, but should you buy HAL stock yet? – BNL Finan… (bnlfinance.com) […]

  3. By imagenes flores exoticas gratis on May 15, 2017 at 4:32 am

    imagenes flores exoticas gratis

    Halliburton Company is on its own playing field, but should you buy HAL stock yet?

Post a Comment

You must be logged in to post a comment.







Join the 100s Who Beat the Market with a BNL Membership

See What Current Members Are Saying

My Complete Access BNL Membership Includes

  • No contract. Guaranteed results. Cancel anytime.
  • Unrivaled Performance. The BNL Portfolio has outperformed the S&P 500 by 150% since October 1, 2015
  • Access. You know what goes in the BNL Portfolio, David’s Dividend Portfolio, and Eddy’s Options.
  • Alerts. You know when a trade is made in all three managed portfolios with application, text, and email alerts
  • Transparency. Verifiable trade records for the BNL Portfolio, David’s Dividends, & Eddy’s Options
  • Research. We have coverage on more than 50 companies
  • Results. Our 10 highest rated stocks outperformed the market by 134% last year
  • Live Chat. Join 100s of other members in an exclusive Members Only section with Chat
  • Growth. We are the fastest growing financial research platform in our industry.
  • Build My Portfolio. You give us your goals, we help you get there
  • Premium Content. Unlock hidden sections in each article. You also get Value of the Month selections and BNL Research Reports.
  • Community. We have professionals and beginners; retirees and college students; the 99% & 1%, but here, we are all equal.


Like what you see? Sign up for our newsletter and get the latest stock picks straight to your email!