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December 10, 2018

Taking Advantage Of The Energy Washout…


One of the great ironies during the decade of ZIRP/NIRP and QE, is that while it created plenty of asset price inflation, it created minimal consumer price inflation. I suspect this is because free money brought forward all sorts of unprofitable new supply, creating oversupply in most industries and crushing end-market pricing. Look at shipping for instance, excluding some brief spikes, you’ve had all ... Read More
Categories: Investments
Positions Mentioned: TDW, ESV, NE, AR, GPOR, RRC, SD
October 3, 2018

It’s Tidewater Time!!


Back in January, I wrote about Tidewater (TDW – USA) which will be the largest global player in offshore service vessels (OSVs) once it completes its merger with Gulfmark Offshore (GLF – USA). At the time, the offshore oil sector was despised by equity investors who assumed that it would never come back. As I noted in an update in July, shale isn’t the ... Read More
Categories: Investments
Positions Mentioned: TDW ESV NE
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