I wouldn't get too excited by the ramblings of one analyst GB,...

I wouldn't get too excited by the ramblings of one analyst GB, they are invariably wrong.....so adopt a contrarian view on the outlook for offshore services. What I find more far more interesting, and positive, is that Farstad ( North Sea offshore services ) shares have started to pop just like US services companies Tidewater and Gulfmark. Farstad have moved from 3.10 kroner to 4.19 kroner since oil popped. Those in the industry know more in day than analysts learn in a lifetime. Follow the industry and ignore analysts would be my advise. From one who has lived through 3 major downturns in my lifetime this will pass just like all those before!