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Equity Research Database
Institutional Investment Pitches
Explore thousands of hedge fund pitches, high-conviction equity research memos, and portfolio manager commentary extracted from quarterly letters.
Explore thousands of hedge fund pitches, high-conviction equity research memos, and portfolio manager commentary extracted from quarterly letters.
Tidewater operates in the highly consolidated offshore energy services sector, which is benefiting from a tight supply-demand balance and strong pricing power. Although the manager...
— Bob
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Other investors who've written on Tidewater Inc.
We own a collection of offshore services companies (drillships, jack-ups and OSVs), in the belief that offshore spending will increase in the future as a percentage of overall oilfield spending.
In 2020 when oil traded below zero, drilling activity ground to a halt and many energy service providers declared bankruptcy.
Let's look briefly at Tidewater (TDW – USA), a position that we started buying in January of 2022 at a price of around $12. The shares ended...