Halliburton to re-test 16/s point by month end?
As temporary and confusing as 
HAL spike 16+ was, with oil now firmly over 40/bar again the time for drilling in mass quantities is nigh. With European and other int'l re-openings progressing past further stages than domestic markers, oil is primed to make a run -- as will Halliburton. It reports earnings later this month, as well, and given there have been a few oil surpluses and HAL has paid decent dividends over this span as well, so, the earnings report could give HAL a similar boost to what Fed Ex incurred (9+% growth in a day) when it released.
It stands to reason thatHAL regains its form it opened 2020 with, 25 per share, but the acceleration back to 16 could happen relatively quickly, especially as Halliburton trends up heavily pre-market following the 4th of July weekend that just passed. Keep an eye on HAL making rapid gains throughout July, though its full recovery may still linger in the Christmas to 1st quarter 2021, type of window. This guess has oscillated, but so has oil.
The original projection still appears logical, with a 200+% ROI onHAL still within play even for those entering the position now.
Happy trading!
-BDR
HAL spike 16+ was, with oil now firmly over 40/bar again the time for drilling in mass quantities is nigh. With European and other int'l re-openings progressing past further stages than domestic markers, oil is primed to make a run -- as will Halliburton. It reports earnings later this month, as well, and given there have been a few oil surpluses and HAL has paid decent dividends over this span as well, so, the earnings report could give HAL a similar boost to what Fed Ex incurred (9+% growth in a day) when it released. It stands to reason that
HAL regains its form it opened 2020 with, 25 per share, but the acceleration back to 16 could happen relatively quickly, especially as Halliburton trends up heavily pre-market following the 4th of July weekend that just passed. Keep an eye on HAL making rapid gains throughout July, though its full recovery may still linger in the Christmas to 1st quarter 2021, type of window. This guess has oscillated, but so has oil. The original projection still appears logical, with a 200+% ROI on
HAL still within play even for those entering the position now. Happy trading!
-BDR
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