E - Hornbeck Offshore: Expectations For 2019
Hornbeck Offshore (HOS) shares have recently taken a major beating due to oil price weakness, general market nervousness, and year-end selling. As a result, the company's shares dived from $6 in October to under $1.50 now. The next year, the company's fate will be determined. Without further ado, let's look at the company's current position and my expectations for 2019.
Company's current position
Hornbeck Offshore provides offshore support vessels (OSV), with primary market being the U.S. Gulf of Mexico. Drilling activity has been hit by multi-year downturn, and offshore support vessel industry, the