$55.50
-1.49 (-2.61%)
FMC Technologies, Inc. (FTI)
CAPS Rating:
A provider of technology solutions for the energy industry and other industrial markets which designs, manufactures and services technologically sophisticated systems and products such as subsea production and processing systems.
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Fool UK
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This companies energy unit has unique equipment, called energy trees, used in deep water projects. By enabling producers to process oil and gas, and separate out water at the sea floor instead of at the surface, the equipment makes production more efficient and lowers producers' cost. With so much future oil and gas production moving to deep water, oil service companies like FTI should do well. Todays pullback is a good time to add this selection to outperform.