Jeffrey J. Bird, Executive Vice President and Chief Financial Officer of Frank’s International N.V. (NYSE: FI), presented today at EnerCom’s The Oil & Gas Conference 20®.
Frank’s International N.V. is a global oil services company that provides a broad and comprehensive range of highly engineered tubular services to leading exploration and production companies in both offshore and onshore environments, with a focus on complex and technically demanding wells.
In its second quarter 2015 results, Frank’s International reported strong free cash flow in excess of capital investment needs and a solid balance sheet with virtually no debt. The company is focused on deep, complex wells primarily located offshore.
During the company’s breakout session, management was asked the following questions:
- What opportunities are you seeing in the organic market?
- Who is your biggest competitor in the Gulf of Mexico?
- Is your offshore work more segregated or more fragmented?
- What size of a deal you are looking for if you have an acquisition opportunity?
- Goldman Sachs has called for a significant reduction in oil projects. Is this a factor in your decisions?
- If you had to choose between expanding your rig operations or expanding a different part of your business, which would you choose?
- Given the environment we are in, and considering your availability, existing capital structure and balance sheet, how do you think your opportunities and business lines measure up against your competitors? What advantages do you have?
