OilStockReport Wednesday, 06/29/11 06:54:23 PM Re: KarinCA post# 44 Post # of 555 Think HAL will hold on to its $57 price tag? Quote:Halliburton is one of the leading providers of drilling and production services for shale extraction efforts globally. The natural gas boom resulting from higher oil prices and wider use of shale drilling have resulted in U.S. production increasing 20% from 2005-2010  and prices falling dramatically $7.30 /MCF to $4.16 /MCF during this time period.  Companies have justified these efforts due to high oil prices and anticipated future demand for natural gas; however, a recent article by the New York Times highlights that many experts are concerned that shale’s economics simply don’t add up with present technology.  If the gas boom turns to bust, the fallout could hurt Halliburton as well as other oilfield service providers such as Schlumberger and Baker Hughes that have a significant presence in shale extraction efforts. We have a near $57.20 price estimate for Halliburton which is at a 25% premium over the current market price. This is not an offer to buy or sell securities or any kind of investment advice. Oil investment carries very high risks so consult a licensed professional making any decisions. My resume is real time on Twitter @TurnKeyOil.