Activity in the North Sea and Gulf of Mexico is heating up, and that's a good thing for Gulfmark Offshore (GLF) as it gets about 85% of its revenue from those regions. Gulfmark may not be the biggest fish in the marine vessel sea, but it has a solid position in the high-spec market for vessels in the North Sea and Gulf of Mexico, where utilization and dayrates have been picking up and where expectations call for several years of double-digit growth in rigs.
Gulfmark has outpaced Tidewater (TDW) in the stock market over the last year, but may yet still offer more upside with its newbuild and upgrade programs. I'm giving Gulfmark some...
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