Technical Research on Halliburton and Schlumberger: Energy Equipment Providers
Poised for Big Year
LONDON, January 22, 2013
LONDON, January 22, 2013 /PRNewswire/ --
Slow growth in much of North America is a concern for energy equipment
companies like Halliburton Company (NYSE: HAL) and Schlumberger Limited (NYSE:
SLB), but increased activity in the Gulf of Mexico, the Middle-East and parts
of Latin America is amply making up for it. In view of this, StockCall has
initiated a first round of technical analysis on Halliburton and Schlumberger.
The free reports are currently available upon registration at
The increased activity is expected to continue for much of this year, creating
growth opportunities for a variety of equipment providers. Schlumberger
Limited's Chief Executive Officer thinks spending out of international markets
could improve by 10% barring no major setbacks to the global economy. Download
the free report on Schlumberger today by signing up at
Companies within the industry that supply equipment to both natural gas and
oil companies are beginning to focus more on the oil market. Natural gas
supply gluts and low prices are discouraging new drilling and fracking
operations and in turn, lowering demand for new equipment.
However, if natural gas exports continue to grow, a rebound for domestic
natural gas drillers could follow. Domestic powerhouses like Halliburton Co. [
Free Report on HAL ] ^(1) , which derives 58% of its revenues from North
America, could be best positioned to benefit.
1.Halliburton Co. Technical Analysis [
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