Sunday, October 31, 2010

Is BP still in a Bad Position? (NYSE: BP) (NYSE: HAL)

The fate of BP still lies in the hands of the government as questions still loom about the oil spill in the Gulf of Mexico. Earnings for the oil giant are set to come in at $1.51 when it reports on Tuesday. Revenue is expected to be $72.46 billion for the quarter.

Halliburton has been blaming BP for the disaster, but recently some of the blame was shifted to HAL in a report saying that the cement used in the well in the Gulf was unstable. HAL fired back with a report saying that the results from the cement test were positive.

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