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Hercules Offshore: Follow the Cash Flows [View article]
On May 21 01:33 AM Freya wrote:
> Hammer: Its all relative. How much of HERO's earnings come from servicing
> RDC and its like?
Delta Towing's share of HERO's last years revenues was 5.2%. I'd say not much. Am I wrong?
> JU's may be important to you but everyone has a problem in this area.
HERO's rigs have the lowest rated water depth and HERO has the oldest fleet in the market. I think they have the lowest (rig)fleet utilization rate currently.
> Meanwhile what Rigs are operational or become operational will use
> the Logistic services that HERO provides.
I think they're more likely to use Tidewater's or Trico Marine's services.