Investors have turned on cautious on capex-sensitive energy service and engineering companies, and that has sent the shares of Technip (OTCQX:TKPPY)
down more than 10% over the past year. The concerns are not without
some basis, as several major projects were delayed in 2013 and major oil
and gas companies have issued modest capex growth guidance.
That Technip is in good company with offshore rivals like Saipem (OTCPK:SAPMY) and Subsea 7 (OTCPK:SUBCY), as well as onshore oil & gas engineering companies like McDermott (MDR),
is cold comfort. Although Technip has established a reputation as a
superior project and risk manager, weak guidance in late 2013 rattled
investor confidence and the shares are trading as if oil and gas capital
spending growth will be quite modest from here. It is likely true that
capex growth will be lower than the bulls expect, but it looks like the
bears have taken things a bit far with Technip.
Read the full article here:
The Beginning Of The End, Or The End Of The Beginning For Technip?
Showing posts with label CBI. Show all posts
Showing posts with label CBI. Show all posts
Thursday, March 6, 2014
Sunday, March 10, 2013
Seeking Alpha: Global Power Equipment Is Either A Big Value Or A Trap
By and large, investors do well for themselves if they assume that
something that looks too cheap to be believed shouldn't be believed. Of
course, carry that philosophy too far and you miss most of the really
impressive turnarounds and long-term growth stories.
That brings me to Global Power Equipment (GLPW). This company has been suffering lately from lower service demand and delayed orders, but nevertheless offers an intriguing mix of sustainable recurring revenue and leverage to natural gas-fired electricity generation expansion. A discounted cash flow suggests significant potential undervaluation, but investors would do well to remember that many power/utility-focused companies have ultimately disappointed relative to their long-range forecasts.
Please continue here:
Global Power Equipment Is Either A Big Value Or A Trap
That brings me to Global Power Equipment (GLPW). This company has been suffering lately from lower service demand and delayed orders, but nevertheless offers an intriguing mix of sustainable recurring revenue and leverage to natural gas-fired electricity generation expansion. A discounted cash flow suggests significant potential undervaluation, but investors would do well to remember that many power/utility-focused companies have ultimately disappointed relative to their long-range forecasts.
Please continue here:
Global Power Equipment Is Either A Big Value Or A Trap
Monday, July 30, 2012
Investopedia: CB&I's Acquisition Of Shaw Is Shocking And Awesome
CB&I (NYSE:CBI) announced on July 30 that it will acquire Shaw Group (NYSE:SHAW)
for $3 billion, or $46 per Shaw share. The deal will be made up of $41
per share in cash and $5 in stock (0.13 shares of CB&I), and values
Shaw at a 72% premium to July 27's close. The deal price also carries a
seven times multiple to the 2012 EBITDA multiple for Shaw - a slight premium to the broader sector.
To execute the deal, CB&I will need to raise about $1.9 billion in debt financing, but the company expects the deal to be accretive almost immediately.
Continue here:
http://stocks.investopedia.
To execute the deal, CB&I will need to raise about $1.9 billion in debt financing, but the company expects the deal to be accretive almost immediately.
Continue here:
http://stocks.investopedia.
Wednesday, February 29, 2012
Seeking Alpha: Chart Industries Running Hot And Cold
It takes time to reorganize a country's energy infrastructure, let alone the world's, but there are nevertheless real signs of progress when it comes to natural gas. While the LNG story is still dominated by large energy companies looking to monetize huge natural gas fields in remote corners of the world, there has been progress towards the use of LNG in place of gasoline or oil in many applications around the world.
As that process continues, the potential for Chart Industries (GTLS) should only improve. That said, while there is a pretty hot future in keeping gas very cold, the company's current financial performance and valuation leave something to be desired.
Read more here:
Chart Industries Running Hot And Cold
As that process continues, the potential for Chart Industries (GTLS) should only improve. That said, while there is a pretty hot future in keeping gas very cold, the company's current financial performance and valuation leave something to be desired.
Read more here:
Chart Industries Running Hot And Cold
Thursday, July 28, 2011
Investopedia: CB&I Harnessing Some Energy
These are bad days for large-scale construction, right? High debt and low tax revenue is hampering public works projects and manufacturing companies have little need to add capacity just yet. Likewise, construction activity in the leisure sector (hotels, casinos, and so on) has yet to pick up. On top of that, power generation is caught between those who hate the idea of more coal plants and those who really hate the idea of more nuclear plants.
Well, yes and no. Construction activity in those segments is indeed weak, but there is a notable exception - the oil and gas sector. And that is where CB&I (NYSE:CBI) (formerly known as Chicago Bridge & Iron) makes its bread and butter; building a wide range of facilities like storage tanks, processing plants, liquefaction facilities and terminals.
To read the full article, please click below:
http://stocks.investopedia.
Well, yes and no. Construction activity in those segments is indeed weak, but there is a notable exception - the oil and gas sector. And that is where CB&I (NYSE:CBI) (formerly known as Chicago Bridge & Iron) makes its bread and butter; building a wide range of facilities like storage tanks, processing plants, liquefaction facilities and terminals.
To read the full article, please click below:
http://stocks.investopedia.
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