SBM aims to grow in the long-term
SBM Offshore NV ADR (SBFFY) is critically dependent on offshore energy production. Exxon Mobil's (XOM) FPSO Liza 2 project is SBFFY's primary growth driver. Following its investigation with the Brazilian authorities and Petrobras (PBR), SBFFY has cut down its exposure to Brazil in the past year. SBM Offshore has strong cash flows and liquidity. Given its healthy dividend yield, SBFFY can be a long-term investment, if it starts winning contracts in Brazil again. In 2018 so far, the stock price has gone down by 21% compared to a