Hi CK. Offshore activities will return on 'dollars not dimes'....

Hi CK.

Offshore activities will return on 'dollars not dimes'. Once oil has set in at about $80, for some period of time (so oilers can make some $), and if there is confidence of higher prices for longer, then future investments in the offshore project space should be made.

But even then, there is a massive surplus of boats from the last boom....

I'm not an advocate of The Motley Fool tho the US version is a bit better. Good to read about Transocean to get a feel of the general offshore space... No green shoots yet... One article attached.

http://www.fool.com/investing/2016/06/16/these-3-offshore-oil-stocks-are-up-19-or-more-sinc.aspx