Solid result. These guys are in the type of market where supply...

Solid result. These guys are in the type of market where supply matters most. Demand is really firming up, and it's firming up in their traditional o&g market as well as the new offshore wind market, which I think could become a fairly chunky part of revenue. There is no real supply, in the form of new vessels, being ordered today, and current lead times are ~3 years. It feels as though management can see the industry economics shaping up pretty nicely but are trying to be somewhat restrained in what they say.

Right now, it's hard to see downside from this point.