September 30, 2014
As E&P companies play out their lower cards, it is interesting to see subsea service companies to come up trumps. Companies like FMC, Subsea 7 and Cameron are expected to ride the subsea wave with a market growth of ~10%. They are by far the most attractive companies in terms of revenue growth towards 2017. Seismic and EPCI companies are viewed as less favorable in 2014 and 2015, but are expected to see a boom in 2016 and 2017.