Halliburton Company Risks Need To Be Quantified And Discounted, Dahlman Rose & Co. Reports

Following the government report, which cited Halliburton Company HAL may have played a bigger part in the Macondo incident, the market shaved ~$2.3Bn of market cap. off of the stock, Dahlman Rose & Co. reports. “Given the National Commission's inference of negligence by HAL, litigation and other risks will need to be quantified and discounted,” Dahlman Rose & Co. writes. “In our view, contractual indemnity with BP, as asserted by HAL, will likely limit downside at the end of the day, but trading may be choppy in the near term.” Halliburton Company closed Friday at $31.86.