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McDermott (MDR) -- Wette auf Investitionsgüter/Öl&Gas USA etc.



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Chart sieht mMn nach sehr langer Zeit endlich mal gut aus:





Das Unternehmen hat bereits eine substantielle Transformation hinter sich.

Business (*):
MDR is an engineering, procurement, constructions (EPC) and installation company, which focuses on designing and executing complex offshore oil and gas projects worldwide.

It provides EPCI services and delivers fixed and floating production facilities, pipeline installations and subsea systems from concept to commissioning. It operates through the following segments: Americas, Europe, and Africa; the Middle East and Asia...


Nebenbei: ISIN = PA5800371096 --> Panama --> administrativ kein US-Unternehmen! Aber HQ in Houston/Texas: http://www.mcdermott-investors.com/phoenix.zhtml?c=96360&p=i…


Letzte Substanz-News: 24.1.2018
McDermott's stock jumps toward 3 1/2-year high after raised profit outlook
https://www.marketwatch.com/story/mcdermotts-stock-jumps-tow…


__
(*) dazu muss man wissen: MDR ist dabei Chicago Bridge & Iron Co. NV (CBI -- auch infrastructure and other products for the oil and gas industries) zu "übernehmen" iVv 53% zu 47% (all-stock transaction):
- https://www.marketwatch.com/story/mcdermott-cbi-to-merge-in-…


Natürlich - es gibt skeptische Stimmen dazu --> ich bin allerdings optimistisch:
- https://www.bloomberg.com/news/articles/2018-01-09/mcdermott… <--- "Pflichtlektüre"
- https://www.bloomberg.com/gadfly/articles/2017-12-19/mcdermo…
=> The catalyst for McDermott's CB&I bid is clearly price, but execution will be tricky.

=> das EPC-Geschäft ist generell und allzeit tricky => daher gibt es BW ja auf: https://www.wallstreet-online.de/diskussion/1259115-1-10/bab…


=> es gibt mMn nunmehr eine qualitative "EPC-Lücke" im Weltmarkt-Angebot. Natürlich, die "Chinesen" werden da zunehmend reinstossen --> daher meine ich ja "qualitativ" ;)
Antwort auf Beitrag Nr.: 56.841.286 von faultcode am 26.01.18 16:50:10
Übernahme durch Subsea 7 ? (1)
https://www.marketwatch.com/story/mcdermotts-stock-soars-chi…

=>
Shares of McDermott International Inc. soared 19% in premarket trade Monday, while shares of Chicago Bridge & Iron Co. which has agreed to be acquired by McDermott, sank 12% after Norway-based oil-services company Subsea 7 S.A. reportedly made a bid to buy McDermott.

Subsea said it made a buyout bid of $7 a share for McDermott, which was 15.7% above Friday's closing price, and values McDermott at about $2.0 billion, but McDermott rejected the deal, The Wall Street Journal reported.

Subsea said the deal was subject to the termination of McDermott's pending merger with Chicago Bridge & Iron, the WSJ report said...



=> ich bräucht USD7.1, um die Position wieder über Wasser zu haben... :confused:


nebenbei: Shortquote bei MDR liegt z.Z. bei sehr kräftigen 25%: https://www.shortpainbot.com/?s=mdr
Antwort auf Beitrag Nr.: 57.606.837 von faultcode am 23.04.18 14:13:53
Übernahme durch Subsea 7 ? (2)
MDR hat z.Z. (ohne CBI):
* Piotroski F-Score: 7
* EV-to-EBITDA 4.41
* Debt-to-EBITDA 1.24
* Price-to-Tangible-Book 0.98 (Freitag)
* 2017 generierte man seit Jahren zum ersten Mal wieder freien Cashflow (unlevered) von ~USD17m
* ...

=> aber gut, probieren kann man es mal --> mMn kommt diese Übernahme nicht zustande


=> überhaupt sollte man für eine (weitere) Long-Positionierung zwei Dinge abwarten mMn:
1/ den Kursrückgang nach Rückzug vom Übernahmeangebot durch Subsea 7
2/ die Übernahme von Chicago Bridge & Iron Co. NV (CBI) muss auch erst verdaut werden


--> das Ganze hier wird sich so gesehen noch Monate hinziehen...
Antwort auf Beitrag Nr.: 57.606.981 von faultcode am 23.04.18 14:25:19
-40%
Zitat von faultcode: ...=> überhaupt sollte man für eine (weitere) Long-Positionierung zwei Dinge abwarten mMn:
1/ den Kursrückgang nach Rückzug vom Übernahmeangebot durch Subsea 7
2/ die Übernahme von Chicago Bridge & Iron Co. NV (CBI) muss auch erst verdaut werden..

=> so ist es.

..und auch Earning Reports ;)

Published: Oct 31, 2018 8:33 a.m. ET
McDermott's stock plunges after disappointing earnings report prompts analyst downgrade
https://www.marketwatch.com/story/mcdermotts-stock-plunges-a…

=>
...Shares of McDermott International Inc. plunged 27% toward a 2 1/2-year low, to pace all premarket decliners, after provider of technology, engineering and construction services to the energy industry missed earnings and revenue expectations, and said it plans to sell its tank storage and U.S. pipe fabrication businesses.

The company also said late Tuesday that it recorded $744 million of changes in estimates on three projects after it took "significant steps to address performance issues" on the Cameron LNG, Freeport LNG and Calpine gas power projects.

Analyst Tahira Afzal at KeyBanc Capital followed by downgrading the company to sector weight from overweight. "We see management as staging a potential recovery through thoughtful execution, but our concerns are more around timeline and incremental risks that could arise and stretch into late 2019, keeping the stock volatile," Afzal wrote in a note to clients...
Antwort auf Beitrag Nr.: 59.108.651 von faultcode am 31.10.18 20:56:50Citi senkte auch nun USD13 (von USD21) -- das ist das neueste Kurziel, was ich kenne:

11/1/2018 -- Citigroup -- Lower Price Target -- Neutral ➝ Neutral -- $21.00 ➝ $13.00 High (impact)
zurück über >USD12?
..nach dem Expansion Breakout heute:




wg.
15.4.
McDermott and Chiyoda Introduce Feed Gas to Train 1 at Cameron LNG

=>
...McDermott International, Inc. and its joint venture partner, Chiyoda International Corporation, a U.S.-based wholly-owned subsidiary of Chiyoda Corporation, Japan, today announced that Train 1 of the Cameron LNG project in Hackberry, La., has reached the final commissioning stage.

This includes the introduction of pipeline feed gas into Train 1 of the liquefaction export facility, the precursor for the production of liquefied natural gas (LNG).

"We are extremely proud of the Cameron LNG project team for this achievement and their remarkable safety performance," said Mark Coscio, McDermott's Senior Vice President for North, Central and South America. "Their accomplishment is more than just a project milestone; it is an impressive feat of engineering and construction. Once Train 1 is fully operational, it will have the capacity to produce 4 million tonnes of LNG per year."...
Antwort auf Beitrag Nr.: 60.369.643 von faultcode am 16.04.19 18:45:2430.7.
McDermott's stock plummets to pace NYSE losers after surprise loss, slashed guidance
https://www.marketwatch.com/story/mcdermotts-stock-plummets-…


=>
...Shares of McDermott International Inc. plummeted 37% on heavy volume in morning trading Tuesday, to pace all NYSE decliners, after the provider of engineering and construction services to the energy industry reported a surprise second-quarter loss and revenue that missed, and projected a surprise full-year loss.

Trading volume was 11.6 million shares, making it the second-most active NYSE stock and already more than triple the full-day average. The stock earlier hit an intraday low of $5.80, which was the lowest price seen during regular-session hours since September 2004, before paring some losses. The company provided 4 reasons for its revised 2019 outlook:

1) weaker-than-expected Q2 operating results;
2) "slippage" in certain new awards and customer changes to schedule on several projects;
3) changes to assumptions about the expected performance of legacy CB&I projects; and
4) a shift to 2020 from the fourth-quarter of 2019 in the assumed timing of remaining incentives on the Cameron liquefied natural gas (LNG) project...



=> fast forward, 5.8.:

Mcdermott International | 5,000 $
Antwort auf Beitrag Nr.: 61.186.035 von faultcode am 06.08.19 14:41:54
McDermott Enlists Turnaround Adviser After Guidance Cut
Sept. 18, 2019 1:32 pm ET
Engineering firm is working with AlixPartners on effort to stem net losses

McDermott International Inc. has engaged turnaround consulting firm AlixPartners LLP to advise on efforts to improve cash flow and stem a recent spate of net losses at the offshore oil-and-gas engineering and construction company, said people familiar with the matter.
https://www.wsj.com/articles/mcdermott-enlists-turnaround-ad…


=>

Mcdermott International | 5,307 €
Antwort auf Beitrag Nr.: 61.515.287 von faultcode am 18.09.19 20:30:38
Zitat von faultcode: Sept. 18, 2019 1:32 pm ET
Engineering firm is working with AlixPartners on effort to stem net losses

McDermott International Inc. has engaged turnaround consulting firm AlixPartners LLP to advise on efforts to improve cash flow and stem a recent spate of net losses at the offshore oil-and-gas engineering and construction company, said people familiar with the matter.
https://www.wsj.com/articles/mcdermott-enlists-turnaround-ad…


=>



Interessantes Ding
Mcdermott International | 1,580 $
Ich hatte mir gestern paar Stücke zugelegt.
Mcdermott International | 1,580 $


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