Cash Flows And Margin Are MRC's Focuses
MRC Global (MRC) distributes pipe, valves, and fittings (or PVF) products to the upstream, midstream, and the downstream industries in the energy sector. The company's top line can improve in Q3 due to the consistent activity in the U.S. upstream, particularly in the Permian Basin. Revenues from the downstream business won't change much in 2019, but a higher crack spread can affect its margin positively. However, lower capital investment by the upstream companies and project losses will hinder the prospect of any positive momentum over the