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Ultradeep Profile picture
@Ultradeep3
May 8 • 4 tweets • 3 min read Twitter logo Read on Twitter
Offshore update: #TrustTheProcess $OIH $SLB $RIG $NE $VAL $SDRL 1/4
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More from @Ultradeep3

Ultradeep Profile picture
Jan 17
#offshore deepwater drilling - look back at the previous cycle peak/near peak (late 2013) $OIH $RIG $NE $VAL $SDRL 1/10
Rising DRs & utilization similar to the current cycle but new rig orders MIA/asset values muted. With supply side frozen (except a few stranded rigs) + utilization tightening expect asset values to start driving the equity bus. Headroom up to fair value sizeable 2/10
Floater demand 3/10
Read 10 tweets

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