Tidewater's management on the offshore inflection $TDW
Yet Another Value Podcast
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Offshore Drillers - Is There a Supply Response?
I look at the leading edge rates and I say, my God, the free cash flow generation these guys can do. And we talked about the supply demand and how a supply response is probably two and a half, three years or more out. We're just taking advantage of the day rate accelerations, which is re pricing every time the vessel turns over. It will take us a few years to re-price the entire fleet just because of that pace,. But let's not, I have not seen a pace in the history of this industry that has been as quick to re- price as this one is.
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