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Stock impact report

US Pushes for Quickest Fixes to Boost Venezuela Oil Output [Yahoo! Finance Canada]

Halliburton Company (HAL) 
Last halliburton company earnings: 4/20 06:45 am Check Earnings Report
US:NYSE Investor Relations: ir.halliburton.com
Most Read from Bloomberg The idea is that with limited investment, Venezuela could boost production by several hundred thousand barrels over the short term, the people said. The go-fast approach is designed to fulfill the Trump administration's goal of swiftly increasing crude flows in the wake of the US capture of Venezuelan strongman Nicolas Maduro, generating cash that could be used to help pay for rebuilding the country. Longer term, President Donald Trump's goal remains an industry revival that would bring output closer to the country's 1970 peak of roughly 3.75 million barrels per day from current production of less than 1 million. While analysts say achieving that bigger prize will take at least a decade, there's plenty of production gains to be had in the near term. “There's some low-hanging fruit that you could probably squeeze some life out of once again,” said Tom Liskey, who heads up Latin American research at industry consultant Enverus. A representative for Ha Show less Read more
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