The other big gun Halliburton released their results overnight....

The other big gun Halliburton released their results overnight. From Marketwatch:

'A strong profit beat for oil-field services giant Halliburton Co. on Wednesday has fanned hopes the downturn that has plagued oil markets for two years may at last be close to an end.
Halliburton HAL, +4.25% swung to a surprise third-quarter profit earlier Wednesday, kicking off earnings season for oil and gas and related companies on a decidedly optimistic note.
“I never thought I would be so satisfied by barely making a profit. I certainly am,” CEO David Lesar said on the conference call, according to a FactSet transcript.

The results were even more pleasing given “the devastation” in the industry over the last two years of falling oil prices, Lesar said in the company’s statement.

Although some customers are likely to wait for next year to rent oil and gas rigs, “it does not change our view that things are getting better for us and our customers,” Lesar told analysts.'

DSD: Undoubtedly Halliburton's ability to just break even after 18 months of losses has spurred the MASSIVE 6.3% jump in WOR during early trading. However, Halliburton and Schlumberger are massive oil drillers and service working rigs unlike WOR whose main income is designing and then managing the construction of new oil fields, on and offshore. Hence, the rise in oil over past week def helps support WOR SP but firm still needs contracts to pay its 24,000 consulting engineers. Hopefully AGM on Tuesday will have plenty detail.