Added to YB: 2024-10-25
Pitch date: 2024-10-24
TDW [bullish]
Tidewater Inc.
-1.3%
current return
Author Info
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Company Info
Tidewater Inc., together with its subsidiaries, provides offshore support vessels and marine support services to the offshore energy industry through the operation of a fleet of marine service vessels worldwide.
Market Cap
$3.2B
Pitch Price
$62.40
Price Target
N/A
Dividend
N/A
Sector
Energy Equipment and Services
Category
turnaround
One More for the Offshore Basket: An Orphaned Microcap Driller - Tidewater Inc.
TDW: Offshore vessel provider down 40% since May peak despite strong fundamentals. Industry-wide sell-off due to short-term project delays, weak oil prices, and momentum. Supply remains tight, dayrates rising, utilization high. Consolidation trend positive. Long-term outlook strong with limited newbuilds and economic reserves at current prices.
Read full article (4 min)