Over the past five years the vessels market has been hit hard by two significant events. Unlike other companies in the vessels market, Hornbeck Offshore Services Inc (NYSE:HOS) was hit especially hard by these events as the bulk of their operations were in the Gulf of Mexico (GoM). But as the financial crisis and the Macondo disaster are currently in the clean-up stages, Hornbeck Offshore is poised to make some significant gains looking into the future.
Hornbeck Offshore Services Inc. is a leading provider of marine services such as exploration and production, oilfield service, offshore construction and military customers. Hornbeck Offshore revenue stems from two main segments. The two segments are the upstream and downstream businesses.
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