The opportunity to leverage plentiful U.S. low-cost natural gas reserves into LNG exports is real and CB&I (NYSE:CBI) has built itself into one of the best engineering, procurement, and construction companies in that space. Along the way it has also positioned itself as a strong player in chemicals and power, as well as a provider of process technologies for the chemical, refining, and gas processing markets.
CB&I has over 10 quarters of revenue already in the order book, and there is still the possibility (if not probability) of additional awards in LNG, chemicals, and OUS power plants. The catch, as is so often the case, is in the valuation. There's a pretty long record of EPC companies trading...
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