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Halliburton Set to Kick Off Ugly Earnings Season For Oilfield Services

It may seem a distant memory, the day the $38 billion merger deal between Halliburton (HAL) and Baker Hughes (BHI) , which some believed doomed from the start, was called off, leaving oilfield services giant Halliburton picking up the check on a $3.5 billion break-up fee.

But the one time write-off, which surely put a dent in Halliburton's coffers, actually was revealed just 11 weeks ago, right in the heart of a second quarter filled with global energy sector uncertainty despite...