All eyes on Halliburton as contacts turn into contracts
http://observer.guardian.co.uk/business/story/0,6903,1567102,00.html
Reconstruction work after Katrina is going to be costly - and highly
lucrative. Oliver Morgan reports
Sunday September 11, 2005
The Observer
With the floodwaters still high in New Orleans last week, with 25,000
body bags on their way to the city, with the Gulf of Mexico oil
industry crippled - 160 platforms and 16 rigs still evacuated, oil
refineries shut down - there was one group of people who, nevertheless,
could see some good coming out of the wreckage. Who? Halliburton
shareholders.
The Houston-based company - once headed by vice-president ***** Cheney,
who was dispatched by George Bush to survey the damage - has been a
star performer on the markets since the storm hit the Gulf. Its shares
have risen by more than 10 per cent to $65. It has out-performed the
Dow Jones Industrial Average, which itself recovered last week.
Halliburton
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Oliver Morgan
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