It's been a busy year for Halliburton, the Houston-and Dubai-based services company. After reporting two strong quarters back-to-back through September 30, and seeing its stock rise, the company's shares fell back 8% in late October when a preliminary investigation by the Presidential Oil Spill Commission showed its cement job and related testing at BP's ill-fated Macondo well may have contributed to the , tragedy in the Gulf of Mexico. However, Halliburton says its contract with BP indemnifies it from further liability. And it maintains its team performed as it was asked to do, based on BP's well-design plan. Most analysts are taking a wait-and-see attitude, but they still like the company for its other strengths.
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