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Halliburton Wins Venezuela Deals, But Argentina Seen As Growth Driver, TPH Says

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Halliburton's (HAL) two memoranda of understanding in Venezuela offer near-term contract wins, but TPH Research sees Argentina as the stronger growth driver, it said in a Tuesday note.

The agreements with Eneva and WESCA cover field identification, resource evaluation and development planning, expanding Halliburton's opportunities beyond international oil companies.

Eneva will develop Venezuela's natural gas resources through its Reservoir-to-Wire model, which could help improve the country's aging power grid, while WESCA targets Orinoco Belt projects with horizontal drilling and infrastructure expansion.

TPH Research sees Argentina as the stronger growth market, citing Halliburton's fracturing position, including YPF, and RIGI's potential to lift industry fleets from about 15 to 22.

Price: $33.26, Change: $-0.13, Percent Change: -0.39%

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$META