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Will McDermott Join Chesapeake in the Energy Sector's Trash Pile?

stander
stander
in Oil, Gas and Energy News

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It isn't just oil companies like BP plc, Chesapeake Energy,Chevron, and Exxon Mobil that are facing the brunt of plummeting crude oil prices.


The going has been particularly tough for smaller players like oil and gas services provider McDermott International (MDR - Get Report) , which is struggling merely to survive. The Houston-based engineering, procurement, construction, and installation (EPCI) firm specializes in offshore and deep sea energy infrastructure. As we'll explain, it's among the most dangerous stocks on the market today. This stock is also part of a group of distressed and "Stressed Out" stocks that TheStreet will be monitoring through these choppy markets.


http://www.thestreet.com/story/13460442/1/will-mcdermott-join-chesapeake-in-the-energy-sectors-trash-pile.html


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