It was great to see KBR get a new $300m contract with Flint Hills Resources to expand the Corpus Christy Refinery. It was even better to see the share price rise $0.26 after Credit Agricole downgraded KBR from outperform to underperform, kinda shows the sway that Credit Agricole has. Let's keep getting new contracts and moving the share price upwards!
I certainly am grateful that the share price has started moving up lately and hope that it continues, I'm still down a little over 5 dollars/share. Obviously the market liked the restructuring that the company made and the progress made so far and where it should continue to take us. I realize that there are those out there that are losing more that I have at this point but hopefully they can recover as well.
Keep on holding. There fundamentals look very strong this year. I bought at the 16.11 price and is up 11%. I see resistance at 18.36. Let's see if that brings sellers. I am holding these till early next year, reinvest dividends and sell next year
Well it's really exciting to see this breakout above the $20 barrier today! It's moving up faster than I had imagined but I will continue cheerleading this up closer to the $30 rung of the ladder. Hopefully we can all make some money here.
Just made money......In @15.11/out @ 20.30. 20 X forward earnings is a bit expensive IMO.
Good luck to all.
CS price target is 21$
IMO, KBR is an international company and there is and will continue to be a need for both oil and gas infrastucture in the world, and they have the connections and the know how. Also the fact that they had restructured their company to be more efficient means that they should be able to make a decent profit on all of their projects. This last jump in the share price was rather fast, I think it might take another year to hit the $30 range. That still leaves a lot of people short of their entry level but let's hope that they are also able to recover over the next couple of years.
Nice to see the June 9, 2015 announcement of the KBR - Kvaerner joint venture that landed a $860,000,000 Statoil platform contract. With thei know how and their connections KBR should be well on their way to recovery.