FET - Forum Energy To Remain Weak Amidst Industry Challenges
Forum can’t escape the industry’s forces
Forum Energy Technologies (FET) serves the drilling, subsea, completions, production and infrastructure business in the energy sector. Over the past couple of years, Forum Energy restructured its portfolio to focus on completions activity in the U.S. and the international markets. Forum’s revenue growth halted in Q3 2018, as completion activity slowed down and subsea sectors remained underperforming. I expect acquisitions, the contribution from the drilling segment, cost management strategy, and higher market penetration to drive FET’s growth in the medium-to-long term. FET looks to improve its free