OII Is Yet To See Activity Spurt
Oceaneering International (OII) provides engineered products and support services to the offshore oil and gas, defense, aerospace, and commercial theme park industries. Although the offshore energy activity recovery is likely to kick-start the company in the medium-term, I do not think the current headwinds in the industry will allow the stock to produce robust returns in the short-term. The company’s fleet size decreased over the past four years due to lower demand in the market.
OII is set to start operating another subsea support vessel in