McDermott (MDR +11%) shares march higher following a batch of insider buying after dropping 44%...

|About: McDermott International, Inc. (MDR)|By:, SA News Editor

McDermott (MDR +11%) shares march higher following a batch of insider buying after dropping 44% Y/Y. Insiders may be seeing progress toward beefing up the company's backlog - now below $1B for 2013 - but Paul Ausick says that’s a risky bet: If oil prices fall much further, production costs can eat up a lot of profits, meaning "less cash flow and less capital investment."