Wednessday is the delayed quarter results. The company has had dwendling profits.
Its merger is destroyed. It laid off huge numbers of workers.
Its equipment is rusting in fields. The management has to be totally reorganized.
It now ows 3.5 Billion for absolutely nothing plus lawyer fees plus a possible extra 2.4 Billion.
The Industry has not returned. Halliburton's Corporate Goodwill equals zero globally.
Wall Street likes it. Stock's up today.
This will have impact on our stock price yes. But not as much as you think. Analyst for months knew the merger would not go through and were prepared for that. Halliburton has issued new shares of stock last year to pay for the merger and has the funds available to pay. The delayed earning was most likely due from that last round of layoffs to factor in write down on severance for workforce reduction. I do agrwe there are more layoffs to come and this merger news will affect our stock price but be a buyer when it goes down. As oil Prices stablize just as they are currently you will be in the winning position
You also need a buyer in order to sell and who is going to chance that now. No one will buy halliburton stock until it hits bottom. And then they will grab it all up so that they can make a mint when we are bought out.
It's too late to sell the shares. They'll be down before the pre-market is over.
The power of the Devine. Ameeeen