As the global economy struggles along especially in emerging markets,
the domestic engineering firms have seen revenues and profits stagnate
this year. Ironically, an unlikely source is now contributing to huge
growth expectations over the next couple of years.
The shale gas
revolution in North America is pushing LNG export projects, and ammonia
and ethylene plants back to the US where chemical construction projects
had dried up for decades. In the case of KBR, Inc (KBR), analysts expect dramatic earnings increases in out years while the stock still trades at a below market multiple.
company is off to a good start with FEED work on a couple of LNG export
projects in British Columbia and the recent announcement of a $600M
ammonia project in Louisiana.
Read the full article at Seeking Alpha.
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