The offshore energy market is tough enough in normal times, or whatever
passes for normal. Making matters even more challenging for
Tidewater (NYSE:
TDW)
have been the uncertain fate of the company's Sonatide JV, the need to
refresh the fleet, and the fractured state of the market in which many
small players will cut prices to gain business. While the service and
supply side of
offshore
energy will probably always lag drilling, in terms of investor
interest, Tidewater could nevertheless be worth further investigation as
offshore activity picks up.
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http://stocks.investopedia.com/stock-analysis/2012/Improving-Offshore-Activity-Bodes-Well-For-Tidewater-TDW-OII-CKH-RIG0524.aspx
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