Judd Arnold from Lake Cornelia Research Management on Offshore and Tidewater $TDW
Yet Another Value Podcast
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Offshore Investments
In 2012 to 2014 all the OSP guys were about to go bankrupt. utilization went from you can't really run an OSP more than 90% of the time because there's right oxen the cruise changes and all the other stuff same thing for a deep water rig but utilization I think brown numbers for the industry went from like you know low 80s to 50. And so you just got swatter on everything and then you dumped a bunch of new new boats into it. So now you can't build. The yards don't want to build. You at least have a two to three year period where the amount of new build that you're going to have ordered is negligible. Once they
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