Tidewater Inc (NYSE:TDW)
$ 50.27 0.1 (0.2%) Market Cap: 2.63 Bil Enterprise Value: 3.00 Bil PE Ratio: 14.74 PB Ratio: 2.36 GF Score: 71/100

Tidewater Inc at Credit Suisse Energy Summit Transcript

Feb 12, 2019 / 03:40PM GMT
Release Date Price: $21.44 (+1.04%)
James Knowlton Wicklund;dit Suisse AG
CrÃ;Research Division - MD

© -

I think we'll go ahead and get started. We have next up Tidewater, we have John Rynd, CEO, former CEO of Hercules; Quintin was CFO, former CEO of GulfMark; we have Jason, Director of Investor Relations. I don't know, John, if you want to make some opening remarks, then we'll get into some questions.

John T. Rynd
Tidewater Inc. - President, CEO & Director

No, thanks again for having us. Obviously, I think we -- you just saw a good presentation by David, and I think the struggles that he's facing is it's out throughout the whole oil field service sector. It's not just the North American land. I think we're as an industry oversupplied on all of the capital equipment. So I think it's been a tough -- I think it's been a 6-year cycle, is my number. I think it started in '14, even though oil prices collapsed at the end of '14. If you look at rig activity and vessel activity, it was coming down in '14 in $100 oil. Really driven by our customers' return on capital or going

Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot