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Everyone Is Diving Into Deepwater Profits

By Taylor Muckerman and Joel South - Apr 22, 2013 at 3:47PM

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Results last week bode well of earnings this week. What do we expect?

Deepwater regions around the world have been a driving force in the oil and natural gas world lately. Every player involved has been touting tremendous growth and even greater opportunity. Core Laboratories (CLB -0.73%) and Noble both surprised the market with their results last week, and a few other companies have that same opportunity this week. 

Oceaneering International (OII -0.96%) is a pure play on the deepwater space with its remotely operated vehicles and other subsea equipment. Both it and its similarly priced peer, FMC Technologies (FTI -1.30%), compete for headlines tomorrow during earnings season. While guidance hasn't changed since last week, the market will almost certainly be looking for results on the high side or even expectation-beating numbers. What do Motley Fool analysts Joel South and Taylor Muckerman expect from these companies tomorrow?

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Stocks Mentioned

TechnipFMC plc Stock Quote
TechnipFMC plc
FTI
$7.58 (-1.30%) $0.10
Oceaneering International, Inc. Stock Quote
Oceaneering International, Inc.
OII
$11.29 (-0.96%) $0.11
Core Laboratories N.V. Stock Quote
Core Laboratories N.V.
CLB
$24.52 (-0.73%) $0.18
Schlumberger Limited Stock Quote
Schlumberger Limited
SLB
$41.12 (0.66%) $0.27
Halliburton Company Stock Quote
Halliburton Company
HAL
$36.70 (1.77%) $0.64

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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