Not Logged In Log In   Sign Up   Points Leaders
Follow Us    7:07 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:22,229
Points:2,067,965
Joined:Nov 2008
Message Posted: Jan 12, 2013 8:01:38 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:5,452
Points:1,254,810
Joined:Dec 2010
Message Posted: Jan 9, 2013 3:56:58 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 1:23:19 PM

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

Posts:6,759
Points:1,087,260
Joined:Feb 2011
Message Posted: Jan 9, 2013 11:05:45 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 10:28:16 AM

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

Posts:5,689
Points:2,320,035
Joined:May 2007
Message Posted: Jan 9, 2013 10:24:06 AM

ok...
Profile Pic
Catfish93001
Champion Author Ventura

Posts:1,318
Points:298,590
Joined:Jun 2008
Message Posted: Jan 9, 2013 10:07:56 AM

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

Posts:9,934
Points:1,986,315
Joined:Oct 2008
Message Posted: Jan 9, 2013 9:54:00 AM

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

Posts:9,429
Points:2,201,355
Joined:Feb 2006
Message Posted: Jan 9, 2013 9:53:22 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:23,096
Points:2,331,710
Joined:Jun 2005
Message Posted: Jan 9, 2013 9:51:44 AM

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

Posts:231
Points:726,830
Joined:Oct 2011
Message Posted: Jan 9, 2013 9:51:26 AM

O.K.
Profile Pic
gamalerin
Champion Author Tampa

Posts:6,897
Points:1,445,415
Joined:Jul 2010
Message Posted: Jan 9, 2013 9:46:32 AM

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

Posts:5,074
Points:1,092,065
Joined:Jun 2011
Message Posted: Jan 9, 2013 9:43:29 AM

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

Posts:1,672
Points:367,180
Joined:Nov 2011
Message Posted: Jan 9, 2013 9:40:27 AM

ok
Profile Pic
LKnight598
Champion Author South Carolina

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

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

Posts:8,146
Points:2,124,775
Joined:Aug 2006
Message Posted: Jan 9, 2013 9:30:10 AM

here we go again
Profile Pic
shea33
Champion Author Pensacola

Posts:4,530
Points:999,590
Joined:Oct 2011
Message Posted: Jan 9, 2013 9:29:25 AM

There goes the neighborhood
Profile Pic
PackerfanMN
Champion Author Twin Cities

Posts:2,343
Points:570,855
Joined:Nov 2011
Message Posted: Jan 9, 2013 9:29:12 AM

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

Posts:3,276
Points:690,545
Joined:Apr 2011
Message Posted: Jan 9, 2013 9:28:30 AM

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

Posts:10,135
Points:2,629,070
Joined:Jun 2006
Message Posted: Jan 9, 2013 9:28:24 AM

Ok.
Profile Pic
prius22
Champion Author Twin Cities

Posts:4,729
Points:845,070
Joined:Apr 2012
Message Posted: Jan 9, 2013 9:27:15 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:2,531
Points:641,275
Joined:Oct 2012
Message Posted: Jan 9, 2013 9:25:48 AM

Go for it.
Profile Pic
tribill
Champion Author Twin Cities

Posts:3,342
Points:2,600,810
Joined:Feb 2006
Message Posted: Jan 9, 2013 9:25:46 AM

Great!!
Profile Pic
malfrog1
Champion Author South Bend

Posts:4,349
Points:1,001,960
Joined:Feb 2011
Message Posted: Jan 9, 2013 9:25:19 AM

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

Posts:10,175
Points:2,013,280
Joined:Oct 2008
Message Posted: Jan 9, 2013 9:24:48 AM

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

Posts:2,998
Points:636,190
Joined:Oct 2012
Message Posted: Jan 9, 2013 9:24:27 AM

ok
Profile Pic
Edpap
Champion Author Pennsylvania

Posts:6,939
Points:933,725
Joined:Oct 2011
Message Posted: Jan 9, 2013 9:24:08 AM

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

Posts:871
Points:1,092,205
Joined:Dec 2005
Message Posted: Jan 9, 2013 9:23:38 AM

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

Posts:2,945
Points:628,950
Joined:Oct 2012
Message Posted: Jan 9, 2013 9:21:17 AM

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

Posts:1,099
Points:144,285
Joined:May 2010
Message Posted: Jan 9, 2013 9:17:08 AM

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

Posts:450
Points:468,830
Joined:Jul 2008
Message Posted: Jan 9, 2013 9:11:06 AM

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

Posts:9,319
Points:2,011,020
Joined:May 2006
Message Posted: Jan 9, 2013 9:10:49 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 9:08:26 AM

here we go again
Profile Pic
Minutefan
Champion Author Springfield

Posts:4,569
Points:1,641,110
Joined:Aug 2004
Message Posted: Jan 9, 2013 9:07:50 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:5,815
Points:1,704,620
Joined:Sep 2003
Message Posted: Jan 9, 2013 9:07:30 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 9:05:48 AM

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

Posts:9,572
Points:1,944,750
Joined:May 2007
Message Posted: Jan 9, 2013 9:04:16 AM

Ok
Profile Pic
gilfarm
Champion Author Alabama

Posts:8,915
Points:2,397,770
Joined:Sep 2005
Message Posted: Jan 9, 2013 9:02:49 AM

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

Posts:8,628
Points:1,854,990
Joined:Oct 2008
Message Posted: Jan 9, 2013 9:02:02 AM

without taxpayer subsidies please?
Profile Pic
belladog
Champion Author Mobile

Posts:3,935
Points:1,250,975
Joined:May 2007
Message Posted: Jan 9, 2013 8:59:56 AM

really
Profile Pic
joel27nc
Champion Author Raleigh

Posts:12,714
Points:2,315,245
Joined:Mar 2008
Message Posted: Jan 9, 2013 8:59:53 AM

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

Posts:6,525
Points:2,248,450
Joined:Sep 2004
Message Posted: Jan 9, 2013 7:37:00 AM

Do it safely!
Profile Pic
rbutterw
Champion Author Raleigh

Posts:2,993
Points:710,515
Joined:Mar 2012
Message Posted: Jan 9, 2013 7:03:18 AM

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

Posts:2,024
Points:1,139,105
Joined:Jan 2011
Message Posted: Jan 9, 2013 7:01:20 AM

cyclical business
Profile Pic
matthwbar
Champion Author Toledo

Posts:6,117
Points:1,465,170
Joined:Jun 2007
Message Posted: Jan 9, 2013 6:53:38 AM

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

Posts:16,226
Points:2,842,345
Joined:Mar 2005
Message Posted: Jan 9, 2013 6:43:52 AM

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

Posts:7,965
Points:1,672,630
Joined:Oct 2009
Message Posted: Jan 9, 2013 6:43:10 AM

Time will tell
Profile Pic
kyjlh
Champion Author Kentucky

Posts:3,645
Points:1,071,055
Joined:Feb 2005
Message Posted: Jan 9, 2013 6:41:02 AM

ok
Profile Pic
gws2980
Champion Author Philadelphia

Posts:4,298
Points:953,565
Joined:Oct 2010
Message Posted: Jan 9, 2013 6:40:11 AM

be safe
Profile Pic
gabisgram
Champion Author Michigan

Posts:4,191
Points:1,332,995
Joined:Sep 2006
Message Posted: Jan 9, 2013 6:38:42 AM

We'll see.
Post a reply Back to Topics