Oh, goody:
DALLAS – Oilfield services conglomerate Halliburton Co. swung to a profit in its fourth quarter on robust sales and increased rig activity, and called last year the best in its 86-year history. [...]
“They were really helped by the oilfield business being so good and taking advantage of energy being in the upcycle,� Tillery said.
Revenue at KBR, Halliburton’s engineering and construction division, fell 3 percent to $3 billion, which the company said resulted from reduced military work in Iraq.
“It was less of a decline that we expected, so Iraq was really in line of how we modeled it,� Tillery said.
Yep. Gotta love that $2.59-a-gallon upcycle…
I have a vision of Cheney sitting on a king-size bed in diapers. The bed has rubber sheets, and he’s surrounded by buckets of fried chicken and cicken bones. He’s eating wildly, animal-like, groaning and slurping….
What do the directors know that we don’t?