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Share Name | Share Symbol | Market | Type |
---|---|---|---|
McDermott International Inc | NYSE:MDR | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.7032 | 0 | 01:00:00 |
The strengthening economic recovery and higher oil-prices combined with the increased global demand for energy is expected to amplify the volume of awarded contracts during the coming quarters. This is good news for companies within the Heavy Construction sector like McDermott International Inc. which specializes in offshore projects. McDermott just won a contract to construct a 15,000 ton platform for Noble Energy. McDermott International Inc. research report is available for free by signing up now at http://www.shinesroomonline.com/reports/February1511McDermottInternationalInc.(MDR)150211.php.
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While public funding for highway projects has been constrained, the booming levels of spending in the energy sector are one of the main reasons for optimism. One company in this space, Fluor, recently won a $3.5 billion contract to build a liquefied natural gas project in Australia. This is a good sign for the company because it proves its ability to compete with Asian construction and engineering firms. Fluor stands to benefit also from increased spending in the mining sector. Foster Wheeler AG is a company that has also benefited from the mining sector, recently winning a feasibility study contract from Karnalyte Resources. This is a key development as the company works to grow its mining expertise. Foster Wheeler AG report is accessible for free by registering today at http://www.shinesroomonline.com/reports/February1511FosterWheelerAG(FWLT)150211.php.
Like Fluor, Shaw Group is also slated to benefit at Asia's expense, though for different reasons. Shaw, up over 14% during the past year, recently won $29 million in an arbitration award for added costs associated with a nuclear power project for Taiwan Power Co. Visit www.shinesroomonline.com to see how companies in this industry have grown over the past years and how they are expected to perform in the future.
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1 Year McDermott Chart |
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