- Rising oil prices are making energy engineering & construction companies more attractive as revenues are set to rise.
- Subsea 7, like TechnipFMC has a strong business model to ensure contract wins in a rebounding market.
- Barriers to entry in the important subsea market and cash flows underpinned by oil major Petrobras give Subsea 7 a degree of protection.
- Oil and gas fundamentals are moving from away from exploration towards development, meaning E&C companies should outperform offshore drillers.
For further details see:
Subsea 7: The Trend Is Your Friend And So Are The Fundamentals