LONDON, January 22, 2013 /PRNewswire/ --
Slow growth in much of North America is a concern for energy equipment companies like Halliburton Company (NYSE: HAL) and Schlumberger Limited (NYSE: SLB), but increased activity in the Gulf of Mexico, the Middle-East and parts of Latin America is amply making up for it. In view of this, StockCall has initiated a first round of technical analysis on Halliburton and Schlumberger. The free reports are currently available upon registration at
The increased activity is expected to continue for much of this year, creating growth opportunities for a variety of equipment providers. Schlumberger Limited's Chief Executive Officer thinks spending out of international markets could improve by 10% barring no major setbacks to the global economy. Download the free report on Schlumberger today by signing up at
Companies within the industry that supply equipment to both natural gas and oil companies are beginning to focus more on the oil market. Natural gas supply gluts and low prices are discouraging new drilling and fracking operations and in turn, lowering demand for new equipment.
However, if natural gas exports continue to grow, a rebound for domestic natural gas drillers could follow. Domestic powerhouses like Halliburton Co. [Free Report on HAL](1), which derives 58% of its revenues from North America, could be best positioned to benefit.
- Halliburton Co. Technical Analysis [ http://www.StockCall.com/HalliburtonCo012213.pdf ]
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