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DewDiligence

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DewDiligence

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Re: OakesCS post# 19793

Monday, 10/21/2019 4:56:58 PM

Monday, October 21, 2019 4:56:58 PM

Post# of 29432
HAL sparks “relief rally” in oil-service companies:

https://www.wsj.com/articles/halliburton-posts-weaker-earnings-as-north-america-business-slumps-11571685125

Revenue in North America declined about 21% for the period that ended Sept. 30 compared with a year earlier and 11% sequentially. Revenue from its international operations was flat for the quarter, but is up 10% year-to-date.

Investors feared worse.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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