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Stock Market & Financial Investment News

News For FLR From The Last 14 Days
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October 31, 2014
05:19 EDTFLRICA Fluor awarded $264M contract for Shell heavy oil project in Canada
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October 30, 2014
19:02 EDTFLRICA Fluor awarded $264M heavy oil extraction contract
Fluor Corporation (FLR) announced that ICA Fluor, its industrial engineering, fabrication and construction joint venture with Empresas ICA (ICA), signed a contract with Shell Canada Energy to supply modular fabrication and procurement services for 13 well pads for heavy oil extraction at Shellís Carmon Creek project currently under construction in northern Alberta. The project is expected to produce about 80,000 barrels per day of heavy oil from Shellís Peace River Operations using steam recovery methods. The initial contract awarded to ICA Fluor is worth $264M, and Fluor will book its $132M share in Q4. Completion is scheduled for December 2017.
16:20 EDTFLRFluor sees FY15 EPS $4.50-$5.00, consensus $4.98
16:19 EDTFLRFluor narrows FY14 EPS to $4.10-$4.30 from $4.10-$4.45, consensus $4.20
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16:18 EDTFLRFluor reports Q3 EPS $1.15, consensus $1.10
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15:30 EDTFLRNotable companies reporting after market close
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October 27, 2014
09:30 EDTFLRFluor, Technip JV awarded contract for Sasol complex
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October 24, 2014
11:44 EDTFLRFluor shares could double over next five years, Barron's says
Year to date, shares of Fluor have dropped about 20%, but the company has great long term potential given its $40B backlog of projects and strong cash position, Barron's reports. Reference Link
October 23, 2014
13:19 EDTFLRFluor, Technip awarded RAPID UIO project in Malaysia
Technip (TKPPY), in a joint venture with Fluor (FLR), was awarded an engineering, procurement and construction management contract by PRPC Utilities and Facilities for the PETRONAS Refinery and Petrochemical Integrated Development project located in the state of Johor, Malaysia. Under this contract, the Fluor and Technip joint venture will be responsible for the utilities, interconnecting and offsites scope of work. RAPIDís refinery start-up is expected by early 2019. Technipís operating centre in Kuala Lumpur, Malaysia, will execute the contract.
09:06 EDTFLRFluor, Technip awarded RAPID refinery facilities project in Malaysia
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08:54 EDTFLREngineering & construction stocks undervalued, says Sterne Agee
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