1 Dirt Cheap Energy Stock I'm Happy to Own
Dec 4th 2012 12:52PM
Updated Dec 4th 2012 12:54PM
Halliburton (NYS: HAL) has had a rough go of things since trading near $60 per share in 2011. Now at only $33, it's too cheap to ignore.
The company trades for 10.6 times earnings and is a best-in-class operator with huge domestic exposure. That's going to be vital over the next decade as the United States is expected to go through an energy boom. Some estimates have projected that the U.S. will surpass Saudi Arabia by 2017 as the world's largest oil producer. Even if that turns out to be only partially true, it will be a significant tail wind for this incredibly cheap company.
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The article 1 Dirt Cheap Energy Stock I'm Happy to Own originally appeared on Fool.com.Austin Smith owns shares of Halliburton Company. The Motley Fool owns shares of Halliburton Company. Motley Fool newsletter services recommend Halliburton Company. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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