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Judd Arnold from Lake Cornelia Research Management on Offshore and Tidewater $TDW
Yet Another Value Podcast
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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