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Re: Black sunshine post# 496

Friday, 09/04/2015 7:15:13 AM

Friday, September 04, 2015 7:15:13 AM

Post# of 914
Halliburton (HAL -0.5%) is upgraded to Buy from Hold with a $44 price target at HSBC, despite a worsened oilfield service outlook since March with additional E&P capital expenditure cutbacks and further oil price turbulence.

HSBC says HAL's decremental margin performance in H1, even adjusting for the depreciation on assets held for sale, of 37% Y/Y and 34% Q/Q was much better than the comparable period in 2009 which showed declines of 66% Y/Y and 47% Q/Q.

Purely My Own Opinion. Do Your Own Due Diligence.

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