Not Logged In Log In   Sign Up   Points Leaders
Follow Us    3:57 AM

GasBuddy News Article

42
votes
Tapping Into the Global Energy Boom

Barrons -- There is a treasure trove of oil and gas buried deep at sea, and FMC Technologies is likely to be a primary beneficiary in the years ahead.

The Houston-based company (ticker: FTI) helps energy exploration companies extract commodities from North American soil and from deep-sea projects around the world. The shares, at a recent $42.97, have slid 22% from their 52-week high. The market is focused on weakness in FMC's domestic business, and isn't giving the company enough credit for growth from its subsea operations, which account for roughly two-thirds of revenue.

FMC is the biggest player in subsea "trees" -- pipes and valves that control production of a deepwater well. With signs that orders are picking up, and significant deepwater equipment demand expected in the next several years, FM


Read the Full Article

Submitted Jan 09, 2013 By: skb69sa
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Tapping Into the Global Energy Boom Back to Topics
REPLIES (newest first) Post a Reply
Profile Pic
honda0105
Champion Author Tallahassee

Posts:22,459
Points:2,110,890
Joined:Nov 2008
Message Posted: Jan 12, 2013 6:01:38 AM

given all the toxins that were released w/ the Macondo well blow out, it's unlikely that much is surviving in the sea right now.
Profile Pic
drobbbb
Champion Author Maryland

Posts:5,595
Points:1,298,695
Joined:Dec 2010
Message Posted: Jan 9, 2013 1:56:58 PM

should help us reduce our dependency on middle east oil
Profile Pic
supercell
Rookie Author Minnesota

Posts:52
Points:23,820
Joined:Mar 2006
Message Posted: Jan 9, 2013 11:23:19 AM

Wish I could tap into the treasure trove.
Profile Pic
jimmy544
Champion Author Boston

Posts:6,853
Points:1,112,915
Joined:Feb 2011
Message Posted: Jan 9, 2013 9:05:45 AM

I do not want to subscribe to Barrons to read an article. That said I wonder if FMC had anything to do with the blowout on the Macondo well?
Profile Pic
LarksNY
Champion Author Albany

Posts:1,609
Points:754,240
Joined:Jun 2006
Message Posted: Jan 9, 2013 8:28:16 AM

Rush to get more of what they can overcharge us for on a more consistent basis.
Profile Pic
Mariuxus
Champion Author Chicago

Posts:5,744
Points:2,360,710
Joined:May 2007
Message Posted: Jan 9, 2013 8:24:06 AM

ok...
Profile Pic
Catfish93001
Champion Author Ventura

Posts:1,318
Points:301,990
Joined:Jun 2008
Message Posted: Jan 9, 2013 8:07:56 AM

Humanity's head-long rush to global destruction.
Profile Pic
LilRedWagonIN
Champion Author Indiana

Posts:10,092
Points:2,026,010
Joined:Oct 2008
Message Posted: Jan 9, 2013 7:54:00 AM

All producers will need this company's goods, good bet until one of their items fail.
Profile Pic
cssco
Champion Author Virginia

Posts:9,551
Points:2,240,295
Joined:Feb 2006
Message Posted: Jan 9, 2013 7:53:22 AM

But, I do not want a subscription to Barrons any more than I need more ethanol in a plastic automobile.
Profile Pic
bell05
Champion Author Atlanta

Posts:24,111
Points:2,375,760
Joined:Jun 2005
Message Posted: Jan 9, 2013 7:51:44 AM

We don't need deep deep drilling in the water.
Profile Pic
Delight777
Sophomore Author Cleveland

Posts:231
Points:757,755
Joined:Oct 2011
Message Posted: Jan 9, 2013 7:51:26 AM

O.K.
Profile Pic
gamalerin
Champion Author Tampa

Posts:7,052
Points:1,491,790
Joined:Jul 2010
Message Posted: Jan 9, 2013 7:46:32 AM

Another reason to jump the prices..
Profile Pic
36IHBinder
Champion Author Illinois

Posts:5,225
Points:1,136,215
Joined:Jun 2011
Message Posted: Jan 9, 2013 7:43:29 AM

We need everything on the table
Profile Pic
TBecker1415
Champion Author Missouri

Posts:1,673
Points:370,300
Joined:Nov 2011
Message Posted: Jan 9, 2013 7:40:27 AM

ok
Profile Pic
LKnight598
Champion Author South Carolina

Posts:2,458
Points:548,270
Joined:Nov 2005
Message Posted: Jan 9, 2013 7:34:05 AM

Then why are our prices increasing!?
Profile Pic
Hangnail309
Champion Author Manitoba

Posts:8,296
Points:2,168,925
Joined:Aug 2006
Message Posted: Jan 9, 2013 7:30:10 AM

here we go again
Profile Pic
shea33
Champion Author Pensacola

Posts:4,680
Points:1,043,740
Joined:Oct 2011
Message Posted: Jan 9, 2013 7:29:25 AM

There goes the neighborhood
Profile Pic
PackerfanMN
Champion Author Twin Cities

Posts:2,443
Points:599,755
Joined:Nov 2011
Message Posted: Jan 9, 2013 7:29:12 AM

Another PB waiting to happen.
Profile Pic
Gman2011MI
Champion Author Michigan

Posts:3,385
Points:721,650
Joined:Apr 2011
Message Posted: Jan 9, 2013 7:28:30 AM

I quess they should have been working with BP ...................
Profile Pic
MikLamb
Champion Author Texas

Posts:10,285
Points:2,673,220
Joined:Jun 2006
Message Posted: Jan 9, 2013 7:28:24 AM

Ok.
Profile Pic
prius22
Champion Author Twin Cities

Posts:4,917
Points:889,445
Joined:Apr 2012
Message Posted: Jan 9, 2013 7:27:15 AM

The day will come when we can no keep up no matter how good the technology.
Profile Pic
Rich_pa
Champion Author Cincinnati

Posts:2,542
Points:682,145
Joined:Oct 2012
Message Posted: Jan 9, 2013 7:25:48 AM

Go for it.
Profile Pic
tribill
Champion Author Twin Cities

Posts:3,342
Points:2,632,210
Joined:Feb 2006
Message Posted: Jan 9, 2013 7:25:46 AM

Great!!
Profile Pic
malfrog1
Champion Author South Bend

Posts:4,499
Points:1,046,110
Joined:Feb 2011
Message Posted: Jan 9, 2013 7:25:19 AM

hopefully someone will help and get this exploration going
Profile Pic
Sam195
Champion Author San Bernardino

Posts:10,330
Points:2,057,430
Joined:Oct 2008
Message Posted: Jan 9, 2013 7:24:48 AM

Looks like they will make a lot of money.
Profile Pic
sleuth696
Champion Author Nashville

Posts:3,143
Points:679,115
Joined:Oct 2012
Message Posted: Jan 9, 2013 7:24:27 AM

ok
Profile Pic
Edpap
Champion Author Pennsylvania

Posts:7,144
Points:976,875
Joined:Oct 2011
Message Posted: Jan 9, 2013 7:24:08 AM

to support exploration off south america
Profile Pic
harleyhusker
All-Star Author South Dakota

Posts:890
Points:1,132,735
Joined:Dec 2005
Message Posted: Jan 9, 2013 7:23:38 AM

Lets see what happens---then comment
Profile Pic
Oldzin
Champion Author Orange County

Posts:3,095
Points:673,100
Joined:Oct 2012
Message Posted: Jan 9, 2013 7:21:17 AM

Sounds like someone bought thier stock and wants it to go back up???
Profile Pic
derek84us
Champion Author Rochester

Posts:1,104
Points:163,210
Joined:May 2010
Message Posted: Jan 9, 2013 7:17:08 AM

I hope they make quality pipes and valves
Profile Pic
fencemanNY
Veteran Author New York

Posts:450
Points:480,830
Joined:Jul 2008
Message Posted: Jan 9, 2013 7:11:06 AM

Sometimes glut is a wonderful thing. Lets go team North America
Profile Pic
jony
Champion Author Florida

Posts:9,469
Points:2,050,770
Joined:May 2006
Message Posted: Jan 9, 2013 7:10:49 AM

CNG is the way to go
Profile Pic
queenieIN
Champion Author Gary

Posts:1,459
Points:446,410
Joined:May 2012
Message Posted: Jan 9, 2013 7:08:26 AM

here we go again
Profile Pic
Minutefan
Champion Author Springfield

Posts:4,653
Points:1,681,095
Joined:Aug 2004
Message Posted: Jan 9, 2013 7:07:50 AM

there have to be alternatives to oil that can be pout into production. All we need is the will to develop it.
Profile Pic
Old Timer
Champion Author Akron

Posts:5,965
Points:1,748,770
Joined:Sep 2003
Message Posted: Jan 9, 2013 7:07:30 AM

Supply & demand doesn't seem to be working in this case.
Profile Pic
fatfed
Champion Author San Antonio

Posts:3,243
Points:551,715
Joined:Dec 2011
Message Posted: Jan 9, 2013 7:05:48 AM

The government is doing us in again
Profile Pic
rippinusoff
Champion Author Lexington

Posts:9,719
Points:1,987,675
Joined:May 2007
Message Posted: Jan 9, 2013 7:04:16 AM

Ok
Profile Pic
gilfarm
Champion Author Alabama

Posts:9,060
Points:2,441,695
Joined:Sep 2005
Message Posted: Jan 9, 2013 7:02:49 AM

Why do prices keep rising?
Profile Pic
grandmacbc
Champion Author Buffalo

Posts:8,778
Points:1,899,140
Joined:Oct 2008
Message Posted: Jan 9, 2013 7:02:02 AM

without taxpayer subsidies please?
Profile Pic
belladog
Champion Author Mobile

Posts:3,961
Points:1,284,170
Joined:May 2007
Message Posted: Jan 9, 2013 6:59:56 AM

really
Profile Pic
joel27nc
Champion Author Raleigh

Posts:12,861
Points:2,358,170
Joined:Mar 2008
Message Posted: Jan 9, 2013 6:59:53 AM

Where can I tap in?
Profile Pic
pitamon
Champion Author Philadelphia

Posts:6,658
Points:2,291,885
Joined:Sep 2004
Message Posted: Jan 9, 2013 5:37:00 AM

Do it safely!
Profile Pic
rbutterw
Champion Author Raleigh

Posts:3,094
Points:747,615
Joined:Mar 2012
Message Posted: Jan 9, 2013 5:03:18 AM

Torn between need for energy and raping earth mother
Profile Pic
tamiuron
Champion Author Laredo

Posts:2,024
Points:1,175,630
Joined:Jan 2011
Message Posted: Jan 9, 2013 5:01:20 AM

cyclical business
Profile Pic
matthwbar
Champion Author Toledo

Posts:6,262
Points:1,509,095
Joined:Jun 2007
Message Posted: Jan 9, 2013 4:53:38 AM

Very cool...
Profile Pic
FieroGT
Champion Author Twin Cities

Posts:16,357
Points:2,874,275
Joined:Mar 2005
Message Posted: Jan 9, 2013 4:43:52 AM

Just don't let BP do any more deep water drilling.
Profile Pic
minnesotagirl
Champion Author Milwaukee

Posts:8,110
Points:1,715,155
Joined:Oct 2009
Message Posted: Jan 9, 2013 4:43:10 AM

Time will tell
Profile Pic
kyjlh
Champion Author Kentucky

Posts:3,776
Points:1,100,650
Joined:Feb 2005
Message Posted: Jan 9, 2013 4:41:02 AM

ok
Profile Pic
gws2980
Champion Author Philadelphia

Posts:4,437
Points:997,245
Joined:Oct 2010
Message Posted: Jan 9, 2013 4:40:11 AM

be safe
Profile Pic
gabisgram
Champion Author Michigan

Posts:4,281
Points:1,358,445
Joined:Sep 2006
Message Posted: Jan 9, 2013 4:38:42 AM

We'll see.
Post a reply Back to Topics