Whenever large energy companies like Exxon Mobil (NYSE:XOM) start embracing the virtues of disciplined capital spending and managing for returns instead of growth, it's seldom good news for equipment providers. That may be oversimplifying the challenges that Dresser-Rand (NYSE:DRC) is facing, but it looks as though delays in upstream projects are having a real impact on the business. This year may prove to be a year where large energy concerns "digest" what they already have in progress, but it is hard to call Dresser-Rand cheap, even if orders do start to pick up again later this year and into 2015.
Unimpressive Results, With Or Without Spain
A proposed change to Spanish regulations concerning tariffs for pig...
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