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GasBuddy News Article

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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


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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
honda0105
Champion Author Tallahassee

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Message Posted: Jan 12, 2013 7:01:38 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.
drobbbb
Champion Author Maryland

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Message Posted: Jan 9, 2013 2:56:58 PM

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

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Joined:Mar 2006
Message Posted: Jan 9, 2013 12:23:19 PM

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

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Message Posted: Jan 9, 2013 10:05:45 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?
LarksNY
Champion Author Albany

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Message Posted: Jan 9, 2013 9:28:16 AM

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

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Message Posted: Jan 9, 2013 9:24:06 AM

ok...
Catfish93001
Champion Author Ventura

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Message Posted: Jan 9, 2013 9:07:56 AM

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

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Message Posted: Jan 9, 2013 8:54:00 AM

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

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Message Posted: Jan 9, 2013 8:53:22 AM

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

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Message Posted: Jan 9, 2013 8:51:44 AM

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

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Message Posted: Jan 9, 2013 8:51:26 AM

O.K.
gamalerin
Champion Author Tampa

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Message Posted: Jan 9, 2013 8:46:32 AM

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

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Message Posted: Jan 9, 2013 8:43:29 AM

We need everything on the table
TBecker1415
Champion Author Missouri

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Message Posted: Jan 9, 2013 8:40:27 AM

ok
LKnight598
Champion Author South Carolina

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Message Posted: Jan 9, 2013 8:34:05 AM

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

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Message Posted: Jan 9, 2013 8:30:10 AM

here we go again
shea33
Champion Author Pensacola

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Message Posted: Jan 9, 2013 8:29:25 AM

There goes the neighborhood
PackerfanMN
Champion Author Twin Cities

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Message Posted: Jan 9, 2013 8:29:12 AM

Another PB waiting to happen.
Gman2011MI
Champion Author Michigan

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Message Posted: Jan 9, 2013 8:28:30 AM

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

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Message Posted: Jan 9, 2013 8:28:24 AM

Ok.
prius22
Champion Author Twin Cities

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Message Posted: Jan 9, 2013 8:27:15 AM

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

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Message Posted: Jan 9, 2013 8:25:48 AM

Go for it.
tribill
Champion Author Twin Cities

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Message Posted: Jan 9, 2013 8:25:46 AM

Great!!
malfrog1
Champion Author South Bend

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Message Posted: Jan 9, 2013 8:25:19 AM

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

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Message Posted: Jan 9, 2013 8:24:48 AM

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

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Message Posted: Jan 9, 2013 8:24:27 AM

ok
Edpap
Champion Author Pennsylvania

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Message Posted: Jan 9, 2013 8:24:08 AM

to support exploration off south america
harleyhusker
Champion Author South Dakota

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Message Posted: Jan 9, 2013 8:23:38 AM

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

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Message Posted: Jan 9, 2013 8:21:17 AM

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

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Message Posted: Jan 9, 2013 8:17:08 AM

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

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Message Posted: Jan 9, 2013 8:11:06 AM

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

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Message Posted: Jan 9, 2013 8:10:49 AM

CNG is the way to go
queenieIN
Champion Author Gary

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Message Posted: Jan 9, 2013 8:08:26 AM

here we go again
Minutefan
Champion Author Springfield

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Message Posted: Jan 9, 2013 8:07:50 AM

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

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Message Posted: Jan 9, 2013 8:07:30 AM

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

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Message Posted: Jan 9, 2013 8:05:48 AM

The government is doing us in again
rippinusoff
Champion Author Lexington

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Message Posted: Jan 9, 2013 8:04:16 AM

Ok
gilfarm
Champion Author Alabama

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Message Posted: Jan 9, 2013 8:02:49 AM

Why do prices keep rising?
grandmacbc
Champion Author Buffalo

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Message Posted: Jan 9, 2013 8:02:02 AM

without taxpayer subsidies please?
belladog
Champion Author Mobile

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Message Posted: Jan 9, 2013 7:59:56 AM

really
joel27nc
Champion Author Raleigh

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Message Posted: Jan 9, 2013 7:59:53 AM

Where can I tap in?
pitamon
Champion Author Philadelphia

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Message Posted: Jan 9, 2013 6:37:00 AM

Do it safely!
rbutterw
Champion Author Raleigh

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Message Posted: Jan 9, 2013 6:03:18 AM

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

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Message Posted: Jan 9, 2013 6:01:20 AM

cyclical business
matthwbar
Champion Author Toledo

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Message Posted: Jan 9, 2013 5:53:38 AM

Very cool...
FieroGT
Champion Author Twin Cities

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Message Posted: Jan 9, 2013 5:43:52 AM

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

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Message Posted: Jan 9, 2013 5:43:10 AM

Time will tell
kyjlh
Champion Author Kentucky

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Message Posted: Jan 9, 2013 5:41:02 AM

ok
gws2980
Champion Author Philadelphia

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Message Posted: Jan 9, 2013 5:40:11 AM

be safe
gabisgram
Champion Author Michigan

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Message Posted: Jan 9, 2013 5:38:42 AM

We'll see.
Z06KY
Champion Author Louisville

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Message Posted: Jan 9, 2013 5:38:26 AM

Lets just be sure we are self reliant.
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