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Wednesday, November 25, 2009

Video: Haliburton Profits Will Be Nicked by Pemex Production Cuts

Haliburton (HAL) shares are getting pinched today after the Number 2 oilfield services company said production cuts from Petroleos Mexicanos will shave two cents off of fourth quarter earnings. Pemex, Mexicos state-owned oil company, has seen production fall as its reserves decline.

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