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Old 03-25-2003, 06:25 PM
hudini36 hudini36 is offline
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Default Surprise, Surprise- Just another Conflict of interest

Halliburton, Stevedoring Services of America get government contracts for early relief work.
March 25, 2003: 4:33 PM EST
By Mark Gongloff, CNN/Money Staff Writer



NEW YORK (CNN/Money) - The first contracts for rebuilding post-war Iraq have been awarded, and Vice President Dick Cheney's old employer, Halliburton Co., is one of the early winners.

The Kellogg Brown & Root (KBR) unit of Halliburton (HAL: up $0.54 to $20.66, Research, Estimates), of which Cheney was CEO from 1995 to 2000, said late Monday that it was awarded a contract by the U.S. Army Corps of Engineers to put out oil fires and make emergency repairs to Iraq's oil infrastructure.

President Bush Tuesday asked Congress for $489.3 million to cover the cost of repairing damage to Iraq's oil facilities, much or all of which could go to Halliburton or its subcontractors under the terms of its contract with the Army.


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Old 03-25-2003, 06:33 PM
Jimbo Jimbo is offline
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Default Re: Surprise, Surprise- Just another Conflict of interest

Would you rather they award the contract to Walt Disney? Perhaps they could transport some of their cartoon characters to Iraq and put out the fires. Talk about left wing propaganda.
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Old 03-25-2003, 06:59 PM
MMMMMM MMMMMM is offline
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Default Re: Surprise, Surprise- Just another Conflict of interest

Sounds like a good spread position in the stock market might be to buy Haliburton while shorting a few other contractors.

Thanks for the tip;-)
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Old 03-25-2003, 08:04 PM
Oski Oski is offline
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Default Re: Surprise, Surprise- Just another Conflict of interest

I am outraged! We should send all of these lucrative contracts to French Companies.

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  #5  
Old 03-25-2003, 09:45 PM
IrishHand IrishHand is offline
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Default Re: Surprise, Surprise- Just another Conflict of interest

Oops! You didn't just forget the password to your Parmenides account, did you?
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  #6  
Old 03-25-2003, 11:14 PM
adios adios is offline
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Default Re: Surprise, Surprise- Just another Conflict of interest

How does Cheney benifit? If it's because of the stock he owns that's wrong. He divested before he took office and saved himself a ton money as Haliburton's price collapsed due to Asbestos liability issues. Actually if HAL is going to reap copius profits why don't you back up the truck and buy all you get your hands on. After nicky g smeared Cheney I started taking a closer look at Haliburton and I actually bought some.
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