After a huge Summer run for oil, the price oil has dropped to under $92 a barrel. The demand for oil is there so I believe this is a huge opportunity to pick up oil related companies that will continue to do well under all conditions.

Foster Wheeler, Ltd. (FWLT) and its subsidiaries provide construction and engineering services to the oil and gas, oil refining, chemical/petrochemical, pharmaceutical, environmental, power generation, and power plant operation and maintenance sectors worldwide.

It operates through two groups, Global Engineering and Construction Group (Global E&C Group), and Global Power Group. The Global E&C Group designs, engineers, and constructs onshore and offshore upstream oil and gas processing facilities; natural gas liquefaction facilities and receiving terminals; gas-to-liquids facilities; oil refining; and chemical, petrochemical, pharmaceutical, biotechnology, healthcare, and related infrastructure facilities.

FWLT has 1.27B cash, and only 227.85M in debt. With recent hurricanes causing damages to platforms, FWLT’s services will be in high demand. The stock has dropped off significantly since Summer highs and looks very attractive here.