Welcome to part #3 of my Tegus sponsored deep dive into the offshore space. You can find part #1 of the deep dive here (I’ll refer you to that post for more background on why I’m interested in the space, the aims for the deep dive, etc.) and
Thanks for this. Thoroughly enjoyed the 3 articles. My takeaway - this belongs to Buffett's 'Too Hard' pile. You'll have to deal with supply (capex cycles, cashflows, contracting, utilisation rates), and demand (policies/politics, oil demand)...too hard...maybe an oil royalty company to gain exposure to this space would be much easier with less risk
Thank you for the write up. Have you taken a look at Gulf Marine Services listed on the LSE?
Thanks,
Josh
Thanks for this. Thoroughly enjoyed the 3 articles. My takeaway - this belongs to Buffett's 'Too Hard' pile. You'll have to deal with supply (capex cycles, cashflows, contracting, utilisation rates), and demand (policies/politics, oil demand)...too hard...maybe an oil royalty company to gain exposure to this space would be much easier with less risk