Fluor Corp. (FLR)

Likes this very much. He sees this going forward although there may be a bit of a pullback. Would look for a 5% pull back.

One of the largest US engineering and construction companies. 65% of the backlog is not in the US. Great return on equities and great return on assets. Strong balance sheet. Yield of 1.1%.

Global engineering construction firm. They have gotten really good order momentum in the oil/gas sector and petrochemical sector. Very well diversified geographically. We are seeing petrochemical plants being built in the US, and they are getting a lot of these contracts. Their backlog is over $40 billion so there is good earnings visibility. Yield of 1.12%.

A global engineering construction firm. Seeing very good momentum in their oil/gas sector. In the 1^st and last quarter, they recorded record awards of over $10 billion of which $8 billion was in oil and gas. Ended the quarter with a very strong backlog of $40 billion. Their run rate of revenues is around 25. 65% of their backlog is outside of the US so it is very global. Seeing a lot of projects in the Far East and are also involved in a lot of LNG projects. Yield of 1.12%.

World wide engineering company, probably the biggest in the world. He would take money out of Fluor and put it into SNC-Lavalin Group. He feels that all the negative press SNC has been having is actually old news, and it's pushing the stock down past where it should be. Has a lot of confidence in the new management.