Offshore and deep-sea drilling have been moving ever deeper and further off the shores as the depletion of the current easy and cheap sources of oil and gas push E&P companies to explore and develop ever more challenging and more expensive oil and gas sources. One company that has been able to prosper well from this offshore drilling trend is GulfMark Offshore, Inc. (GLF). And the industry forecasts remain very positive, with CAPEX to be spent on sub-sea floating production systems expected to keep increasing at a roughly 20% annual rate in the upcoming five years. Many reasons make me confident that GulfMark will continue to benefit from this rapid offshore drilling development in the years...
GulfMark Offshore: Ramping Up Capacity To Satisfy Rising Demand... Creating Upside Potential
Jul 26 2013, 09:52 | about: GLF
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