BORR - Offshore Sector Update: Weak Sentiment To Start 2024

2024-01-28 08:30:00 ET

Summary

• Sentiment on oil and offshore has been weak, but I think it could be starting to turn a corner.
• Current geopolitical events could provide a near term catalyst for oil prices.
• Investors interested in the sector should listen to the podcast if they are interested in the sector.
• I talk briefly about some of the main stocks in the sector, including Transocean, Valaris, Noble, Tidewater, and Borr Drilling.

Over the last couple weeks, I have been watching as oil prices have chopped around and sentiment on the offshore sector has been extremely poor. I think now is a good time to revisit the sector to see how things have developed since my first big picture post on the sector. I have covered some stocks in the sector in the past, and the bullish fundamentals for the offshore sector are still intact, despite the recent selloff....

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