If you look at Halliburton's history and financial statements, the oilfield services business has materially higher margins than does the engineering and construction side, and this would be a small chunk of the engineering and construction business.
Quotes about oilfield (4 Quotes)
I think putting your money in the big oil companies right now is the excellent way to play it. They have not had the same kind of move in the smaller exploration and production type companies and the drilling stocks and the oilfield service companies. Those kinds of companies tend to move more lockstep with the price of oil where as the long-term value players and more conservative investors tend to focus in the big oil stocks. So since they haven't made the move it's a great value opportunity.
Our commitment of offering customers and suppliers an advantage in oilfield metals, service and solutions stands firm. The acquisition of the Ryerson oilfield distribution assets strengthens our ability to provide our customers an expanded product range and tailored inventories that will better serve their growing global needs.
The filing of this application for re-listing on the Bulletin Board comes at an ideal time for the Company. We have recently developed a promising new source of revenue, where we will allow other energy companies to use our Bond to enter Louisiana for oil and gas exploration activities. In a short period of time, we have already signed up our first client and are working on others. Petrol will receive an overriding royalty interest in the oil and gas properties plus it will charge a fee for all other costs, such as putting wells on, management, parts, and other oilfield related costs, which fits into our strategy of being an energy services company.