Halliburton is about to release earnings; ponder the Bear Case Scenario:
Latin American drilling margins are squeezed badly. Activity in Brazil and Mexico have dropped. There is no pick up in sight. Waiting game does not create shareholder wealth.
There are still unresolved liabilities relating to the Macondo blow out in the Gulf of Mexico. they will be in the billions of dollars.
North American pressure pumping is in an oversupply. Halliburton has an industry leading edge which is not generating returns at present.
George Gutowski writes from a caveat emptor perspective.