Tag Archives: drive
Middle East Tensions Drive Demand At FMC Technologies
America is curbing its oil import appetite through aggressive shale development and a return to offshore exploration and production. Given Iran’s saber continues to rattle, the incentive for the U.S. to in-source its oil supports drilling equipment and services stocks, including FMC Technologies (FTI).
FMC’s products are widely deployed wherever oil is found. It’s particularly strong in deepwater, where its subsea systems hold a 46% market share. The industry has been getting stronger in the wake of a return to Gulf of Mexico post-Macondo. FMC shares have increased 27% since the end of the third quarter. Oceaneering International (OII) and Helmerich Payne (HP), both also tied to offshore E&P, have seen shares increase 33% and 58%, respectively. Stocks with offshore exposure are likely to enjoy another solid quarter given rig rates remain high.
In November, there were 1,185 active rigs worldwide, 55 more than last year. As of the most
3 ways to drive down your car insurance
Fed up with the rising costs of driving your car? Here are tips to lower how much you pay for car insurance.
Expert financial advice and saving tips – CNNMoney.com
