DNOW - Pressure On Top Line Nudges MRC Global To Improve Margin Cash Flow In 2019
MRC Global Focuses On Cash Flows And Margin
MRC Global (MRC) distributes pipe, valves, and fittings (or PVF) products to the upstream, midstream, and the downstream industries in the energy sector. I don’t think the stock price will exhibit a positive momentum over the short-term, but expect a robust medium-to-long term returns from the stock. MRC’s top line is likely to improve in Q2 due to the activity resumption in the upstream, particularly in the Permian Basin. Projects with the pipeline operators, refinery and chemical companies, and natural gas utilities are likely to