Thank you for the write up. Have you taken a look at Gulf Marine Services listed on the LSE?



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Feb 18, 2023·edited Feb 18, 2023

Thanks for this. Thoroughly enjoyed the 3 articles. My takeaway - this belongs to Buffett's 'Too Hard' pile. You'll have to deal with supply (capex cycles, cashflows, contracting, utilisation rates), and demand (policies/politics, oil demand)...too hard...maybe an oil royalty company to gain exposure to this space would be much easier with less risk

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