Offshore & oil service undervalued?
Afternoon,
I've been following the development of the oil service industry, after the 2014/2015 plummet in the oil price. The price of Subsea 7, for instance, fell by 70% from 2013 to 2015, followed by an increase from 50$/share up to around 90$/share in 2016. The P/E ratio of this company today is 5.00. Have layoffs and corporate restructuring of these large service companies improved the value of the oil service?
bump. Prob best investment theme for 2023 behind uranium
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