Shale Force
Anadarko's Braking Point
Validating Halliburton's production-cut forecast, but only partially.
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Anadarko Petroleum Corp. just offered Halliburton Co. some validation, so that's nice.
Oilfield services giant Halliburton spooked the sector on Monday by saying exploration and production firms were "tapping the brakes" on drilling. On Tuesday, Anadarko did just that. Reporting second-quarter results that missed expectations across the board, the company cut its guidance for full-year production and capital expenditure.