The Company is a provider of marine support vessels to the offshore oil and gas industry, primarily in the North Sea, Gulf of Mexico, West Africa, Mexico and Brazil.
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Down - appropriately - on aquisition offer for DeepOcean. Lots of risk, but I think this is a huge strategic play. Truly seizing the moment - with shifts toward deepwater oil and shortage of support ships, they'll be in a couple of sweet spots in oil services. DeepOcean board supports the bid. Large majority of their revenues are already outside US.
Smart play. I almost added to my 'real' but the percentage drop was so large that it made me hesitate; and then it shot up the next couple days to $40.