The SP is holding up amazingly well on this apparent take-over speculation. I think tho the SP is defying gravity at the moment...
Did any one read Tidewaters report? About the timing of any industry recovery? (essentially unknown). About the numbers of OSV's stacked now (around 2 thrirds of boats) and the number of brand new boats still yet to be delivered (ie about 1 new boat still yet be delivered for every OSV in the world fleet (of which around 2 thirds of the fleet are currently stacked..)? ? About how they are trying to get out of contracts to deliver new boats soon due with shipyards (can't be good news on the vale of the newer boats)?
MRM Price at posting:
39.5¢ Sentiment: Sell Disclosure: Held
