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🧵 Gulf Marine Services #GMS.L - A deleverage story in a rapidly improving offshore market

Below a short analysis made with @Magnus12316

#rigs #shiptwit #oil #oott #offshore

1/n
THE FLEET

#GMS.L has a fleet of 13 advanced self-propelled, self-elevating support vessels, mainly in the AG (and one vessel in the North Sea).

These are accommodation units for workers servicing offshore oil fields.

2/n
Unless fields are "closed" permanently, they need to be serviced.

The dayrate is the basic income of the vessels, then there are add-ons (VSAT, catering, etc)

GMS has 6x K-Class (Small), 3x S-CLass (medium) and 4x E-CLass (large).

3/n
Read 17 tweets
and off we go #EnergyTwitter! May the thread start! đź’ˇ

Did You Know: To provide vital #oil across the English Channel after the #DDay landings, within months secret #pipelines were unwound from massive spools to reach French ports.
Following the #DDay invasion– June 6, 1944 – Allied forces would need vast quantities of #petroleum to continue the advance into #Europe. Allied leaders also knew that petroleum tankers trying to reach French ports would be vulnerable to #Luftwaffe attacks...
A top-secret “Operation #PLUTO” – Pipe Line Under The Ocean – became the Allied strategy. It would fuel victory with #oil production from the #USA petroleum industry. The secret pipeline mission used a popular #WaltDisney character for its logo. #OOTT
Read 26 tweets

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