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Re: ABXX post# 123

Sunday, 09/16/2012 9:35:39 PM

Sunday, September 16, 2012 9:35:39 PM

Post# of 914
Halliburton's involvement in the Gulf of Mexico oil spill may be a cause of concern for investors. However, the evidence and public records suggest that the company had little to do with the oil spill. The company expects margins from North America to improve by the start of 2013.

What further strengthens this forecast is the $1,105,200 investment into shares, made by the company director, Murray Gerber. This is by far the clearest sign that the insiders have strong expectations for the company's growth in the future, and should be welcome news to investors.

The company expects to have an EPS of $3.50 and revenues of up to $26.9 billion in 2013. When compared to 2011's EPS of $3.08 on sales of $24.8 billion, the stock seems like a bargain.

Furthermore, many gas producers are shifting to oil production to take advantage of better commodity prices. The extensive nature of oil exploration puts Halliburton's services in greater demand.

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