Tidewater, Inc. (NYSE:TDW)
CAPS Rating:
The Company provides offshore supply vessels and marine support services to the offshore energy industry through the operation of a fleet of offshore marine service vessels.
The Company provides offshore supply vessels and marine support services to the offshore energy industry through the operation of a fleet of offshore marine service vessels.
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Recs
Reasonable earnings multiple both in terms of LTM and projected earnings; strong book value provides more support; if oil prices stay around current levels its a solid investment and if they increase it becomes even better as GOM exploration will increase which will lead to more supply and crew boat demand