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FMC Technologies, Inc. Message Board

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  • FTI may be a little rich , in terms of price , but if you are a patient investor , this looks like a good longterm buy . Estimates for EPS are $3.26 in 2015 , that's over a 20% increase from 2014 estimate and gives you a 2015 price of about $65 . With deepsea drilling picking up , FTI could do even better than estimates . You must take into consideration the price of crude for 2015 and beyond (it seems that $100 a barrel is the trigger for increased ocean drilling).

  • FTI is on a roll. FTI beats earning estimates . FTI increases backlog , mostly in subsea gear. FTI seems to be picking up(increasing) production volume and seems to be able to maintain and perhaps increase prices. You would think someone like Buffet would like a company like FTI. He already owns NOV , a leader in offshore drilling services . FTI has similar appeal. Let's face it , the last frontier for oil drilling is deep sea . After all the land options are tapped ,only ocean drilling will remain. And the success of such drilling has proven there 's alot of oil untapped at he bottom of the ocean. And until another company comes up with a rival or better solution to FTI's subsea equipment, FTI has no peers in the space.

59.17-0.30(-0.50%)Jul 11 4:01 PMEDT

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