Energy services companies have been no strangers to pressure over the last several years. Drilling continues to dive deeper and deeper underground and below the water's surface. However, this intense pressure isn't what has been holding back shares of these companies lately. What has been holding them back is the pricing pressure in the North American land natural gas market.
Where to turn in times like these?
Due to a slowdown in natural gas drilling, coupled with an abundance of horsepower, services companies like Halliburton (NYSE: HAL ) and Schlumberger (NYSE: SLB ) have seen margins crimped in this market. Luckily for Schlumberger, over 70% of its revenues come from abroad. The last couple of years have certainly impressed the importance of the international market on Halliburton, and it is starting to take measures that should pay off handily over the next decade.
This fracking specialist looks to leverage its homegrown knowledge overseas
Domestic oil and gas service companies have taken a hit due to a slowdown in the natural gas drilling boom of the last 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.
What exactly has Halliburton been up to? Tune in to find out: