NEW YORK ( TheStreet) -- It always amazes me how, when discussing some of the more prominent oil companies on the stock market, it requires a considerable amount of prying to get Halliburton (HAL - Get Report) included in the conversation among names such as Exxon Mobil (XOM) and Schlumberger (SLB). Particularly when, compared to Schlumberger, the stock is trading at a significant discount with a price-to-earnings ratio of 8 points less. Meanwhile the company has demonstrated on a consistent basis not only that it can beat analysts' expectations, but it also understands the importance of delivering on the bottom line.
I've placed some huge bets on Halliburton recently. It was clear to me that when 2011 ended, the company was going to be among of a small group that stood to benefit from rising oil prices in 2012 and the resulting effects of an increase in drilling. Disappointingly, the bet has yet to come to fruition as oil prices have shown to have had little effect on the overall energy sector due to reported supply-chain issues.
This has brought me to a point where I must decide is it time to move on or do I exercise patience and wait to see if the worst is over?