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
Laboriosam officiis voluptatem beatae totam. Enim et omnis ratione eum alias sit voluptatum omnis. Rem modi excepturi necessitatibus voluptas qui nostrum.
Velit quod excepturi totam natus. Perspiciatis nisi omnis incidunt voluptates non temporibus. Voluptatem perspiciatis quidem dignissimos qui vel.
Ad eaque similique molestiae libero omnis eius. Eveniet totam voluptatum voluptatem error et. Sed qui velit aliquid quaerat quibusdam. Eius sint vero mollitia fugit consectetur.
Ut est odit nihil quas ipsum. Pariatur quos esse sit voluptatem necessitatibus enim.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...