Current /CL:NMX Stock Info

Forecast Pushed Back in 2016
Earnings season is underway, but you’d have a hard time believing we’re in the first week of quarterlies judging from a headline from Bloomberg this morning. It reads, “$6.5 Billion in Energy Writedowns and We’re Just Getting Started.”

Investors and executives in search of good news didn’t get any from the industry’s two oil service giants of Halliburton (ticker: HAL) and Schlumberger (ticker: SLB). The global revenues of the two respective companies have declined 36% and 33% on a year-over-year basis. In North ...


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