McDermott: Shares Likely To See Significant Gains [Seeking Alpha]
MCDERMOTT INTL (MDR)
Last mcdermott intl earnings: 11/4 04:15 pm
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US:NYSE Investor Relations:
mcdermott-investors.com/phoenix.zhtml?c=96360&p=irol-calendar_pf
Company Research
Source: Seeking Alpha
Summary I typically write about companies that are experiencing strong positive stock momentum that I expect to continue based on strong future fundamentals. However, I am featuring a stock in this article that has been range bound for a few years. I believe the company is about to turnaround for the better. McDermott International ( MDR ) has a few positive catalysts in place to drive growth. The valuation is currently at an attractive low level. The low valuation and strong growth is likely to drive the stock for above average gains over the next 12 months in my opinion. McDermott provides engineering and construction services for upstream developments in the oil and gas industry. Some applications include installation of pipelines, fixed/floating production facilities, and subsea systems. The strength in the oil and gas industry creates a positive outlook for McDermott's services. Positive Catalysts Higher oil and gas prices have been driving the industry to boost
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