Chris Vaz <[EMAIL PROTECTED]> wrote: > Halliburton is not the only company whose stock has > appreciated since 2001 (after 9/11). > Here are other companies in similar industries > (oilfield and engineering services) whose stock > has risen to similar levels OR ABOVE during the > same period (2001 to the present): > Schlumberger Limited $35 - 115.00
> Murphy Exploration 15 - 60.00 > Questar Corp. 20 - 84.00 > Nabors Industries 19 - 80.00 Joy, You are comparing oranges with apples. You have chosen to compare Halliburton with a seismic company, with a trader of electricity and hydrocarbons, and with a pipeline company. > I can cite several others with similar equivalents. > The reason that the price of such stocks has gone > up is due to the fact that there is shortage of oil > and there is feverish exploration activity with > resultant demand for such services... I took a quick look at Halliburton's financials. It's reported sales in Iraq are as below: 2002 1 Million 2003 2.4 BILLION 2004 5.3 BILLION You may be aware that most of Halliburton's contracts in Iraq have not been won by any tender. Everytime a pipeline gets blown up, Halliburton gets another contract. Hmmmm! > The impression sought to be given is that > Halliburton is making money hand over fist > which goes directly into the pockets of > Bush/Cheney. The facts are: Halliburton lost > money in the last three years to the extent of > $979 (million) in 2004, $820 (million) in 2003 > and $998 (million) in 2002. > These are cold irrefutable facts. What is irrefutable is that you do not know to read a financial statement. Halliburton did not lose money. Between 2003 and 2004, its cash balance increased by one BILLION dollars. Its assets increased by 2 BILLION dollars. In 2004, it took a tax write off for 1.5 BILLION dollars thus turning the results from operations into a tax loss. It will now turn around and ask the US govt for a hand out because it needs money to search for oil in difficult places. In this regard, it's no better than all the other US firm who are seeking the same govt handouts (despite all the oil firms making obscene profits last year.) Yes indeed! this company does "know" how to operate and it reflects in its share price. I would be investing in it too if I could somehow convince myself that the 3,000 Americans who died, are not the cost of investment. One more thing, Halliburton's stock price had fallen from $50 to $10 in the year preceding the invasion of Iraq. > If we as Goans continue with closed minds without > educating ourselves into reality trying to bring > others down as it appears to be our tradition, > we shall continue to remain at the bottom of the heap! I would like to congratulate the person who gave you that piece of advise (even though you have not understood the same :-) > It is a crying shame that some of the posters on > this forum are so blinded in their hate for > Pesident Bush and Mr. Cheney, they would like > to obfuscate statistics to bring these honorable > people down to their level--if it is possible to > drag anyone into the sewer with them... Joy, Bush(43) and Cheney are NOT honourable people. They are war mongers. Lastly talking about sewer people, do you remember one picnic in New York where GOA mothers were screaming at "Joy Braganza" not to shout obscenities in front of their children? Here is what "Joy Braganza's" reported on Goanet, in case you have forgotten. -------------------------------- > The New York Goans put on quite a spectacle in full public view to the bemusement of other picnickers. The Whitestone crowd was in full form with choice abuses and physical threats ala Tony Soprano against Hercules of New Jersey and his partner. The Budd Lake Padre was also inebriated and rose to the occasion by rushing towards Hercules and using abuse freely. A Nun kept praying and finally the Padre was unanimously elected and proceeded to imbibe more Feni. Why go to Goa? We have free Tiatr here. Not to be left behind, the former first lady went ballistic and unleashed a torrent of swear words which would make Tony Soprano look mild. And a newcomer sighed-we are after all Goans! God Bless our Goa and Viva!! Joy -------------------------------------------------- Joy too.
