Wednesday, September 11, 2013

Canadian Pipeline Firm Sees Exceptional Growth

Canadian Pipeline Firm Sees Exceptional Growth

Michael is a member of The Motley Fool Blog Network -- entries represent the personal opinion of the blogger and are not formally edited.

Pipeline construction for the energy sector is growing worldwide. Companies that provide pipeline and pipe services are receiving contracts in Europe, Asia-Pacific, the Middle East, and North and South America. An undervalued stock in this sector is ShawCor (TSX: SCL)a Toronto-based company with a record $875 million backlog of business. ShawCor has positioned itself as a global leader in pipe coating, with manufacturing facilities in 15 countries worldwide. First-quarter net earnings more than doubled from a year ago. Second-quarter income will be exceptional, too.
Another positive for ShawCor is its recent reorganization to buy out family and eliminate dual class ownership of shares.

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