BUY Conviction3/5 Analysis quality70/100 wait for stock to come down after recent spike
Halliburton, as an oil equipment and services company, stands to benefit from potential contracts to upgrade Venezuelan oil fields. However, the analyst recommends waiting for the stock to pull back after its recent surge, given the weak overall oil market and low prices.
“Here we're looking at companies like Hallebertton ticker H, Schlumbumber, ticker SLB, and Baker Hughes ticker BKR. These are the major companies providing those drilling services to the major oil companies like Chevron, like Exxon. So basically they'll be contracted to provide the equipment, provide the services to go down there and upgrade some of these oil fields. What I would say though, I would wait for some of these to come back down.”