Replies to post #98 on Halliburton Company (HAL)

[Timothy Smith]

Great article. I like this excerpt.

However, we still like the long-term prospects for the industry, as the incremental barrel is increasingly coming from the services-intensive offshore reservoirs. Oil and gas producers also are sanctioning new efforts to boost recovery rates at old and mature fields. We believe the market is currently pricing in a weak 2013. However, as market expectations shift toward 2014 in the next six to nine months, taking into account the temporary nature of many of the industry's headwinds, we think both fundamentals and market sentiment will shift to the positive.