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Actionable news in BHI: BAKER HUGHES Inc,

Halliburton: My Bottom Up Valuation Is Not Pretty


Halliburton's stock is at $38. I believe it has benefited from the euphoria over the Baker Hughes merger.

Its financial results have been dismal amid the downturn in oil & gas E&P.

Standalone HAL is worth closer to $26 or 30% less than where it currently trades.

Getting the merger approved is no guarantee. Avoid HAL.

Halliburton CEO Dave Lesar. Source:

The merger between Halliburton (NYSE:HAL) and Baker Hughes (NYSE:BHI) has been the talk of the oilfield services industry. However, the transaction is not a layup. It has garnered major scrutiny from the DOJ, faces regulatory hurdles down under and required assets sales have yet to be announced...