KBR Shares Slightly Higher as Analyst Sees Benefit from Chevron's Involvement in Kitimat Project

Tudor Pickering's George O' Leary released a research note Wednesday morning suggesting Chevron's

partaking in the Kitimat LNG project should be a "substantial positive" for KBR

. The analyst believes Chevron's involvement increases the odds of getting a final investment decision over the next year. O' Leary said Foster Wheeler

, Saipem, Chicago Bridge & Iron

and Bechtel could be companies which might win contracts related to Kitimat. Tudor Pickering maintains a Buy rating on shares of KBR. The stock is up nearly 1.5 percent at last check.