Technical Research on Halliburton and Schlumberger: Energy
Equipment Providers Poised for Big Year
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
http://www.stockcall.com/signup
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
http://www.StockCall.com/SLB012213.pdf
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.
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- Halliburton Co. Technical Analysis [
http://www.StockCall.com/HalliburtonCo012213.pdf ]
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