December 4, 2012
Halliburton (NYSE: 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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