Oceaneering International (NYSE:OII)
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The Company is a global oilfield provider of engineered services and products to the offshore oil and gas industry, with a focus on deepwater applications.
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The Company is a global oilfield provider of engineered services and products to the offshore oil and gas industry, with a focus on deepwater applications.
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Despite Deepwater Horizon offshore oil and gas will continue to be an attractive market. I would not mind Oceaneering cleaning up and focusing their portfolio, though - mixing oil and entertainment?! It makes little sense to be a conglomerate in this way. I would like them to put some non-oilrelated businesses up for sale as they are probably worth much more to others than to Oceaneering.