01/16/2015 7:00 am EST
Oil stocks have been hammered of late and this company has been no exception, observes dividend reinvestment expert Chuck Carlson, editor of DRIP Investor.
Halliburton (HAL)—our top speculative pick for 2015—has fallen from $70 in July to below $40 in December.
No doubt tax selling has adversely impacted the stock in December, but I think heavy yearend selling sets these shares up for a strong bounce back early in 2015.
The pending acquisition of Baker Hughes strengthens the company's long-term position.
It is probably premature to say that oil prices have bottomed. But investors looking for value in the group should consider these shares.
Please note Halliburton offers a direct purchase plan whereby any investor may buy the first share and every share of stock directly from the company.