GLF is like a cheap mid term option on an off shore drilling recovery. Given that fracking is keeping their cost down this is getting less and and less likely, but still possible. My only issue is that they are cash flow negative. If things don't turn around then they will wipe out equity soon. TDW can go for much longer. So can HOS. I don't see anyone lining up to buy GLF. At least not before a BK. That said, not bad risks for the price if one wants to gamble.
10/17/16 at 2:03pm