Tidewater: Capitalizing on Booming Oil Rigs and the OSV Market

Even though Tidewater's stock has recently experienced a significant increase, I still consider it to be an attractive option for investors. Source: Tidewater's presentation Number of Vessels Average Age (yrs) Average Age - The market for OSVs is currently driven by several key factors, with the main drivers being deepwater exploration capital expenditure and the utilization rates of oil rigs. High oil prices recently have made it financially feasible to explore as well as produce oil and gas offshore, resu ...