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Halliburton Company Message Board

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  • manboking manboking May 19, 1998 3:10 PM Flag

    Greatly undervalued co.

    BTJ-Bolt Technology breaking out yesterday
    implies that as oil
    prices decline, seimic equipment
    and seimic work become more
    important, Bolt is the
    main supplier of air guns to the seimic
    with over 30% of sales going to SLB. 100% EPS, 30%
    profit margin, 40% ROE, and great management. Over 12
    carry foward losses, and Capitalization of 65 million,
    Look out
    Wall Street.

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    • Where is the overlap except with the directional
      drilling services. The wireline would only consist of
      about 20% of the market. DI, BHI, HAL, need the
      seismic, HAL not into chemicals ($750 million business for
      baker-petrolite) BHI Oiltools strong with little overlap between
      the others. Also SII would be ready to snatch up any
      spin offs of the directional drilling business. Total
      market cap would be about 30 billion compared to SLB of
      about 34 billion. Would be a monster but think its
      possible. Think HAL is a much better run company that BHI.
      A long shot but not out of the question.

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