Why Cramer remains optimistic on Halliburton despite a quarterly revenue miss
Publishing timestamp: 2023-10-24 10:49:23
Summary
The article discusses Halliburton's third-quarter earnings report, which showed a slight revenue miss but beat profit expectations. Despite the stock falling 2% on the release, CNBC's Jim Cramer believes that Halliburton will do well if oil prices remain stable. He cites the company's track record of conserving capital and expects increased demand for its services. The article also mentions the recent M&A activity in the energy industry and the CNBC Investing Club's ownership of Coterra Energy (CTRA), which is 50/50 oil and natural gas.
Sentiment: NEUTRAL
Tickers: HAL, @CL.1, @NG.1, CTRA, CVX, HES,
Keywords: investment strategy, stock takes, hess corp, markets, wti crude (mar'23), energy, breaking news: markets, earnings, coterra energy inc, jim cramer, business news, chevron corp, natural gas (mar'23), halliburton co, investingclubsample,