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Despite Recent Weakness, Shares of MDR Could Grind Higher in the Second Half of 2014 and Into 2015; Analyst Report by BrokerBank Securities, Inc.

NEW YORK, Aug. 4, 2014 /PRNewswire/ -- As the global economy is expected to expand, the worldwide demand for oil and gas is expected to grow as well. Specifically, the demand for offshore oil and gas services and construction remains the strongest outside of the United States. Further, the offshore engineering, procurement, construction, and installation (EPCI) market is also expected to see continued demand and therefore remain strong, helped by the continued growth in deep water developments. For example, global EPCI capital expenditures (capex) are expected to increase to $97 billion by 2018, while deep water capex spending is expected to increase from 31% of total EPCI capex in 2012 to 47% in 2018. One such company that is poised to benefit from this growing demand and subsequent increase in capex spending is McDermott International, Inc.

McDermott International, Inc. (NYSEMKT: MDR) is an engineering, procurement, construction and installation (EPCI) company focused on designing and executing complex offshore oil and gas projects worldwide. Through their EPCI services, MDR delivers fixed and floating production facilities, pipeline installations and subsea systems from concept to commissioning. The company's customer base includes those within the energy and power industries, including utilities and other power generators, major and national oil companies, and the US government.

A full in-depth analyst report on MDR that includes risk factors, industry review, financial position, potential revenues, review of current business model, competition breakdown, analyst summary, and recommendation can be viewed by using the following link at no cost:

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This report may contain certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward- looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of mentioned company to be materially different from the statements made herein.   


Content is researched, written and reviewed on a best-effort basis. This document, article or report is written and authored by Michael Maggi, Chartered Financial Analyst. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below. We do not engage in high frequency trading.

A full disclaimer can be found by viewing the full analyst report.

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BrokerBank Securities, Inc. is a member of the Financial Industry Regulatory Authority, CRD number #130116.

SOURCE BrokerBank Securities, Inc.

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