Claire Poole is a senior writer based in Houston covering energy and utilities. In her time at The Deal, Poole has written stories analyzing the how and why of energy deals and speculating on upcoming activity. She has also conducted insightful interviews with leading energy dealmakers and is often the first to reveal groundbreaking energy news. Before joining The Deal in 2000, Poole worked as a reporter and staff writer at Forbes, was editor-in-chief of El Financiero International and Mexico Business and was a contributing editor at Latin Trade. She also contributed articles to Money, Worth, Businessweek and Texas Monthly.
Analysts say the oil and gas company has substantially outperformed its peers and are keeping the stock at hold or neutral.
Analysts think oil prices will settle back down, maybe even below $40, given record high inventories and not enough demand to sop it all up.
The partnership's fight over the merger is weighing on both companies' near-term valuations, analysts say.
Excluding special items, Halliburton showed income from continuing operations of $64 million, down 76% over the fourth quarter, but higher than what analysts expected.
The oilfield services provider also plans to cut costs and pay down $1 billion in debt with the $3.5 billion break-up fee it's collecting from its former merger partner.
The company blamed weaker margins in its refining, chemicals and midstream segments for impacting its financial results.
Unless Saudi Arabia pumps a couple million more barrels per day, oil is going to keep going higher to around $50.
The company said sharply lower commodity prices and weaker refining margins were partly offset by strong results at its chemicals unit.
The Ohio utility's stock fell 10% on the news that FERC sent it orders that rescinds affiliate waivers and rejects implementing power purchase agreements with its generation businesses.
A $35 billion dollar deal that would change the oil and gas industry forever hangs in the balance as an aggressive DOJ takes action. Will the Halliburton-Baker Hughes deal survive?
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