A $3.8B Equity Raise Could Protect HAL's Credit Rating
12 replies (most recent on top)
god save the dividend
i meant to say the 80's......
And I wouldn't be surprised if Halliburton doesn't wind up filing chapter 11 next year......
These idiots deserve to be fired......
Back in the 89's when thing were bad, Halliburton had Brown & Root to bail them out. If it wasn't for B & R, Halliburton would have filed chapter 11.
As soon as things picked back up, what did Davey Boys crew do? They sold off Brown & Root...... KBR!
Things are bad, worse now than back in the 80's. Halliburton has nothing to fall back on except their assets. And the assets are people and facilities.
Beware of more layoffs and facility closures.
Maybe Davey Boy should go ask Baker Hughes for a 3.5billion dollar loan"........
What the Fock was this dock head thinking when he gave them that money
Why in the hall is he still at the helm of this ship.
He should have been fired already
Big Red is having financial problems. Who would have thunk it?
-1jhb
It would be extremely difficult for the company to pull money out of 401(k)/profit sharing accounts. This money is set aside 'in trust'. The only easy thing to do would be to discontinue matching or paying 'profit share' which in the grand scheme isn't all that much.
oo, maybe they should get a loan from one of the investors, like who are they Blackspot ? Thirdrock ? something like that. eh.
Ironically this is equivalent to the $3.5B Dave Lesar gave BHI. What a good Samaritan.
Oh oh, cracks are starting to show. will the faults appear exponentially prior to the fall?
Uuuhhhhh......a good cash $ 3.8 b (as profit) in the bank , would have to work so hard to earn from a gross revenue of jobs of hell ....$ 76 b ??? Or more! .
3.8 billion is a lot of money. who has an amount of cash like that to throw around? oh, wait a minute, ...
Very senior management is discussing pulling money out of the employee 401K/profit sharing program to avoid any further lowering of Halliburton's credit rating.