Reiterating Bearish Outlook on Pressure Pumping Service Providers, but FVEs Remain Unchanged
We are taking the opportunity to reiterate our bearish outlook for pressure pumping service providers. Although we are making no adjustments to our current fair values, we have recently substantiated our existing views with a deep look into the pressure pumping space.ÂDuring the 2015-16 downturn, pressure pumping faced more challenged pricing than any other segment of U.S. shale-leveraged oilfield services. Pressure pumping pricing per well (ex-proppant) fell 40% from 2014 to 2016, much of whic...
Halliburton assists its customers throughout the lifecycle of the reservoir, from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion and optimizing production throughout the life of the asset. The company's segments are: Completion and Production, which delivers cementing, stimulation, intervention, pressure control, specialty chemicals, artificial lift and completion products and services; and Drilling and Evaluation, which provides field and reservoir modeling, drilling, evaluation and wellbore placement solutions that enable customers to model, measure, drill and optimize their well construction activities.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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