Big Red Is Poised To Keep Cutting Even Deeper Than In A “Normal” Downturn

Halliburton reported 3Q19 earnings on Monday and the stock market ate up the cost cuts (stock was +8% intraday).

We thought it was notable that CEO Jeff Miller focused much of his opening remarks on international. Halliburton is known more for their NAM footprint, but growth areas get airtime and management sees bigger growth opportunities than in the US where their business continues contracting.

Here’s what stood out to us on the Halliburton conference call as it pertains to the NAM completions business and outlook…

There’s a lot more to this story…

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