Tudor Pickering's George O' Leary released a research note Wednesday morning suggesting Chevron's CVX partaking in the Kitimat LNG project should be a "substantial positive" for KBR 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 FWLT, Saipem, Chicago Bridge & Iron CBI 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.
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