Are Huge Deepwater Profits in Sight?

Deepwater drilling is the hot topic in the energy space today, and with good reason. Halliburton (NYSE: HAL  ) is projecting big deepwater gains, particularly in Brazil. Other regions to keep an eye on are the Gulf of Mexico and the North Sea. While Baker Hughes (NYSE: BHI  ) may edge out Halliburton with regard to deepwater market share, Halliburton is running at the space with full force and could realize big margin expansion if it's able to gain a bigger presence.

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Domestic oil and gas service companies have taken a hit in the recent past because of a slowdown in the natural gas drilling boom of the past couple of years. As this market looks to rebound, investors would be wise to consider Halliburton, one of the top companies in the business and one of those most in tune with the domestic market. To access The Motley Fool's new premium research report on this industry stalwart, simply click here now and learn everything you need to know about how Halliburton is positioning itself both at home and abroad.