Bechtel can do more with Mcdermott Assets than current management
Business is good for Mcdermott as we see by the revenues. However, margins and cost control suck. Bechtel who has a close relationship with the company, and who has made one third of all of the LNG plants worldwide can do more with the assets.
Any losses on Mcdermott contracts can b put against gains in a company the size of Bechtel. That marine backlog can be done more efficiently by a large company and there is always a demand for LNG engineers.