Manufacturer of oil & gas pressure control & separation equipment, assembled systems for oil & gas drilling, production & transmission used in onshore, offshore & subsea applications & provides oil & gas separation, metering & flow measurement equipment.
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Cameron will benefit from the recent events in the gulf. New regulations on the safety and redundancy of pressure control systems has opened the door for Cameron to experience a surge in new orders and service work. With the announcement last week of Cameron's acquisition of LeTourneau Drilling Systems, they will also benefit from LeTourneau's surface drilling technology. These factors have positioned Cameron right where they want to be, with plenty of cash on hand to boot. Expect this stock to outperform.