Post by
Sailrmac on Jan 24, 2014 7:21pm
Dim prospects in region
The general prospects in the region seem dim right now (see below) but we'll see what the company specific news release ends up being. The major challenge comes from Brazil, where offshore drilling activity fell in 2013 and is expected to decline further in 2014. Halliburton won a large multi-year drilling services contract from Petrobras (PBR) before offshore activity began to slow. After putting in place the people and infrastructure to execute the contract, [Halliburton] has been very disappointed with the volume of drilling services work that Petrobras has needed under the terms of the contract…Citigroup’s Robin Shoemaker and Mark Brown (on Haliburton) It was made increasingly clear that technology continues to matter more and more, that the large cap integrated companies are prospering at the expense of smaller players....Credit Suisse's James Wicklund (on Schlumberger)
Comment by
justsomeguytrading on Jan 24, 2014 7:24pm
and you joined today to share that with all of us - geez - thanks.
Comment by
Popps on Jan 24, 2014 7:30pm
So, Dim boy, what does Brazil offshore have to do with this company ? Did you spam the wrong site? Must be tough covering that many and trying to spread fear to that many retail investors. Don't come back. Popps