Activity in the North Sea and Gulf of Mexico is heating up, and that's a good thing for Gulfmark Offshore (NYSE: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 (NYSE: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 premium to...
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