MRC Looks To Improve Cash Flows And Margin
MRC Global (MRC) distributes pipe, valves, and fittings (or PVF) products to the upstream, midstream, and downstream industries in the energy sector. The softness in the near-term value drivers will not induce the stock price to go higher anytime soon. In the medium-to-long-term, when the industry condition improves, the stock will gather sufficient strength to move up strongly.
I do not think the company’s upstream revenues can improve in the near-term. Revenues and midstream and downstream end markets will show some improvement in the coming