Recapping 4Q Results for Integrated OFS Companies; Halliburton Presents Prime Selling Opportunity
Overall, fourth-quarter results for integrated oilfield service companies (Baker Hughes, Halliburton, Schlumberger, and Weatherford) fell in line with ongoing trends, and unveiled few surprises to investors. Across the board, the companies experienced robust revenue growth in the high-single digits. Likewise, there was continued strengthening in margins, with the primary exception of Weatherford, which remains mired in its seemingly endless restructuring campaign.The strengthening financial res...
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