GTI

Major Improvements in 2018 But Tough Times Ahead for Halliburton

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Image Source: Halliburton 2016 Annual Report Halliburton’s 2018 performance was boosted by higher oil prices driving upstream capital spending, but tough times may very well lay ahead for the oilfield services provider. By Callum Turcan While Halliburton’s (HAL) financial performance improved materially last year as upstream capital expenditures perked up on the back of higher global oil prices, tough times lay ahead for this oilfield services provider given the current near-term outlook for oil prices. A large part of Halliburton’s business caters to unconventional upstream operators in North America, which are quick to react to any changes in oil prices when it comes to setting capital expenditure budgets. 60% of Halliburton’s revenue last year was generated in North America. Pricing … Read more

Valuentum Economic Castleâ„¢ Rating Update

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Read: Keeping the Horse Before the Cart: Valuentum’s Economic Castle™ Rating The Economic Castle Focuses on the Magnitude of Economic Value Creation The Valuentum Economic Castle™ rating is an enhancement of the competitive advantage framework (commonly known as economic moat analysis) that has become widespread and ubiquitous within the investing world. Whereas an economic moat framework evaluates a firm on the basis of the sustainability and durability of its competitive advantages, Valuentum’s Economic Castle™ rating evaluates a firm on the basis of the firm’s future economic profit spread (return on invested capital less its weighted average cost of capital). The companies with the strongest Valuentum Economic Castle™ ratings are poised to generate the most economic value for shareholders in the … Read more