Judd Arnold from Lake Cornelia Research Management on Offshore and Tidewater $TDW

Judd Arnold discusses how the offshore place is at an inflection point and why he thinks Tidewater (TDW) is the best way to play it.
Judd's initial piece on TDW: drive.google.com/file/d/1cKYz...
Judd's TDW space: CorneliaLake/stat...
Chapters
0:00 Intro
2:30 What's interesting about offshore right now?
5:50 Comparing today's cycle to 2012-2014
10:00 TDW's replacement cost and why new build isn't starting any time soon
18:30 Why increasing utilization can quickly spike day rates
21:00 Discussing capital returns if we do see a day rate spike
25:20 Why focus on TDW versus the other offshore players?
30:30 What breaks the offshore cycle?
36:10 Offshore as a snowball running down the hill
39:30 How regulatory uncertainty impacts terminal value and potential new build dynamics
42:40 Discussing TDW's acquisition strategy
46:40 Given the cyclicality here, how do you value offshore?
54:40 Haven't the stocks already run?
59:30 What could accelerate the cycle?

[@pguste]

Judd is a master of the art of analogy! Very entertaining.

[@lorenzmuller3542]

Any view on seismic?

[@oneclickandclosed]

2 back 2 back on the same company? Is this a 1st ?