This has been a weird stretch for energy equipment companies like Cameron (CAM), FMC Technologies (FTI), and Dril-Quip (DRQ)
as investors reconcile the long-term offshore opportunities with
short-term order volatility and periodic questions about the companies'
ability to profitably manufacture and deliver those orders. Dril-Quip
has proven itself over the long term as a high-quality operator, but I
do have some concerns about whether the company is well-positioned for
the short term. Combined with a valuation that doesn't strike me as
particularly cheap, I can't work up a lot of enthusiasm for this stock.
Continue reading here:
Dril-Quip Not So Cheap And Market Positioning Is A Question
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