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

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

1 hour 3 minutes Posted Jan 9, 2023 at 2:01 pm.

Intro 

What's interesting about offshore right now? 

Comparing today's cycle to 2012-2014 

TDW's replacement cost and why new build isn't starting any time soon 

Why increasing utilization can quickly spike day rates 

Discussing capital returns if we do see a day rate spike 

Why focus on TDW versus the other offshore players? 

What breaks the offshore cycle? 

Offshore as a snowball running down the hill 

How regulatory uncertainty impacts terminal value and potential new build dynamics 

Discussing TDW's acquisition strategy 

Given the cyclicality here, how do you value offshore? 

Haven't the stocks already run? 

What could accelerate the cycle?

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Show notes

Judd Arnold discusses how the offshore place is at an inflection point and why he thinks Tidewater (TDW) is the best way to lay it.

Judd's initial piece on TDW: https://drive.google.com/file/d/1cKYzHg62bamDQa620NZcmn_af0A0xTfT/view

Judd's TDW space: https://twitter.com/CorneliaLake/status/1600172923355922434?s=20&t=_Q2xMKdTTh1Lhlp-HeRD3w

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