What You Doing Hal?

By TheWild1 at 16 June, 2008, 12:36 pm, Categories : Financial Markets

What you doing Hal? Please let me know. It seems like Haliburton (HAL) keeps jumping and dumping. Breaking out here, breaking down there. If the trend repeats could we get another couple quick points?

One of the things that have kept Haliburton afloat is its global exposure. As the price of oil continues to rise, then so shouldn’t Haliburton? I watched an interesting documentary on the history channel the other day about oil production. Its core argument was that production had peaked and we were on a decline that would eventually lead to world destruction.

Then again the next show was about how oil would never run out, so again who are we to believe; however, as the cost of production increases, then so shouldn’t the demand for companies like Haliburton?

The company specializes in drilling and the production. As the demand for new sources comes about, then that could only be good for Haliburton.

At the same time, oil prices are floating in a territory never seen before. Who is to say that is a stable level? What if that all came crashing down tomorrow or the next day? So then does the value of Hal. It could be profitable, yet risky play.

Like Lakers’ coach Phil Jackson stated, “momentum is a strange girl.”

HAL 061608