TechnipFMC PLC (NYSE:FTI)
$ 26.6 -0.23 (-0.86%) Market Cap: 11.46 Bil Enterprise Value: 12.68 Bil PE Ratio: 56.60 PB Ratio: 3.81 GF Score: 67/100

TechnipFMC PLC at JPMorgan Energy Conference Transcript

Jun 19, 2019 / 12:00PM GMT
Release Date Price: $19.62 (+0.88%)
Sean Christopher Meakim
JP Morgan Chase & Co, Research Division - Senior Equity Research Analyst

Good morning, everyone. Welcome to day 2 of the J.P. Morgan Energy Conference. We're going to be hosting oil services presentations in this room all day, also be hosting Lorenzo Simonelli for the keynote fireside chat next to ordering lunch.

To kick off day 2, we're starting with the fireside chat with TechnipFMC CEO, Doug Pferdehirt. Doug has been CEO of FTI since 2016 and was COO before that starting in 2012 after a 25-year career at Schlumberger.

FTI is one of our top picks in the coverage and the only Offshore stock we're recommending at the moment principally because we think it's the only one that can grow backlog at $60 Brent. Brent's around $60 today, and Doug has certainly been growing backlog. So Doug, thank you for joining us today.

Douglas J. Pferdehirt
TechnipFMC plc - Chairman of the Board & CEO

Thank you very much. Thank you, Sean, for your continued support of our company. Excellent research into J.P. Morgan more broadly

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