Halliburton Secures Multibillion-Dollar Contract in Argentina
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 5 days ago
0mins
Should l Buy HAL?
Source: Yahoo Finance
- International Expansion: Halliburton's exclusive multibillion-dollar contract with YPF signifies a deeper penetration into Argentina's Vaca Muerta shale, expected to significantly enhance the company's market share in one of the largest unconventional oil and gas basins globally.
- Technological Innovation: The contract includes the planned international deployment of Halliburton's Zeus electric-powered fracturing technology, marking its first use outside the US, which could improve efficiency during the costly final phase of oilfield development, thereby reducing costs and enhancing productivity.
- Production Growth Potential: The Vaca Muerta formation currently produces about 600,000 barrels of oil per day, with a target to exceed 1 million barrels per day by 2030, indicating substantial growth potential for the region and ongoing demand for oilfield service providers.
- Capital Investment Needs: Wall Street analysts have indicated that the infrastructure buildout in Vaca Muerta will likely depend on foreign capital, which could support international shale development and drive future growth, attracting more investor interest.
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Analyst Views on HAL
Wall Street analysts forecast HAL stock price to fall
18 Analyst Rating
12 Buy
6 Hold
0 Sell
Moderate Buy
Current: 38.150
Low
28.00
Averages
32.31
High
39.00
Current: 38.150
Low
28.00
Averages
32.31
High
39.00
About HAL
Halliburton Company is a provider of products and services to the energy industry. It operates through two segments: Completion and Production and the Drilling and Evaluation. The Completion and Production segment delivers cementing, stimulation, specialty chemicals, intervention, pressure control, artificial lift, and completion products and services. The segment consists of artificial lift, cementing, completion tools, pipeline and process services, production enhancement, and production solutions. The Drilling and Evaluation segment provides field and reservoir modeling, drilling fluids, evaluation and precise wellbore placement solutions that enable customers to model, measure, drill, and optimize their well construction activities. Its product service lines include Baroid, drill bits and services, Halliburton project management, landmark software and services, Sperry drilling, testing and subsea and wireline and perforating. It also provides advanced drilling automation solutions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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