Houston-based Forum Energy Technologies (NYSE:FET) is an oilfield products company which designs and manufactures products, as well as provides related services, for drilling, subsea, production, completion and infrastructure segments of the oil and gas industry. The company's competitive advantage lies in the diversity of its product portfolio. It has reported modest revenue growth and a drop in operating income in the first nine months of the current year. However, a closer look at this relatively young corporation reveals that it could be poised for long-term growth.
What is Forum Energy Technologies?
Broadly speaking, Forum Energy makes two kinds of products; the consumable products that are frequently replaced items consumed during exploration, development, production and transportation of oil and...
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