SBM Offshore: A Step Away From A Rebound
SBM Offshore NV ADR (SBFFY) services offshore energy production. Its primary activities include design, installation, operation, and life extension of Floating Production Storage and Offloading (or FPSO) vessels. Given its healthy dividend yield and a recently initiated repurchase program, SBFFY is likely to produce sound returns in the medium-to-long term. The settlement of the legal issues with the Brazilian authority in December 2018 will help SBFFY benefit from participating in the new FPSO awards in that region. Exxon Mobil's (XOM) FPSO Liza 2 FEED project