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Fly News Breaks for February 15, 2018
HAL
Feb 15, 2018 | 13:30 EDT
Goldman Sachs analyst Waqar Syed notes that Halliburton said it was facing rail delivery delays in Q1 and that these sand delays should impact its Q1 results by about 10c. The analyst believes these issues are not restricted to Halliburton and are more widespread across the industry, and therefore Q1 estimates for the entire oil service industry are at risk. However, Syed views these issues to be transitory, and maintains his view that the fundamentals in the business are strong.
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