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The oil services company born of the merger of Texas's FMC and France's Technip has levers to boost value but faces a battle to maintain margins and retain contracts.
The oilfield services provider's weekly oil and natural gas rig count is up 12 this week to 569, propped up by the addition of 9 U.S. oil rig.
A strengthening dollar coupled with traders taking profit on last week's crude gains caused a pullback in commodity futures Friday, leading to a market droop despite an uptick in rigs.
U.S. stocks ended Thursday in the red after crude oil closes under $51 a barrel.