You have hit the nail on the head. If management execute this is a 4-5 bagger over 24-48 months. These offshore plays are extremely cyclical, bottom of the cycle was covid and now we have made the turn. Time to buy. Valaris, Noble Corp, transocean, tidewater etc are other names overseas in the same theme.
MRM Price at posting:
43.3¢ Sentiment: Buy Disclosure: Held
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