McDermott Woes Seen Creating Target for Bottom Fishers

McDermott Woes Seen Creating Target for Bottom Fishers

Timothy Fadek/Bloomberg

A section of gas pipeline is lifted onboard the Castoro Sei, a pipe laying vessel operated by Saipem SpA, during the construction of the Nord Stream AG natural gas pipeline in the Baltic Sea, Sweden. After its decline, competitors Saipem SpA and Technip SA could pursue McDermott to gain its fleet of offshore vessels for installing heavy pipelines, according to Capital One Financial Corp.