Hi, today we are going to talk about McDermott International and its current landscape.
McDermott International is poised to receive increasing attention from the market as relevant events are taking place. The company has struggled to keep good performance of its shares, despite the Freeport LNG project, that boosted McDermott shares after the first export shipment from the second production unit at Freeport LNG, a delayed liquefied natural gas export terminal that the company is helping to build southwest of Houston. Now we must keep an eye out for the company to see if the next phases of this project could help investors to create confidence over McDermott International.
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Poor financial management case to be restructured (and human resources, probably). This is a giant company winning more and more contracts. They have a huge backlog for projects nobody else will be able to conclude (nobody wants them to be gone) and will be eventually back on their feet.
Their first action should be bringing their best process engineers off field to analyze the business aspects and eliminate the bottlenecks and leaks. To me seems like it could be the best time to buy their stocks.
CadillacPat
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I'm pretty sure they have 18B$ of contract work with Aramco, work with Gazprom, and supposedly just won an award in New Dheli.
Strong company
Bad management
Their first action should be bringing their best process engineers off field to analyze the business aspects and eliminate the bottlenecks and leaks. To me seems like it could be the best time to buy their stocks.