Professional
Added to YB: 2024-05-16
Pitch date: 2024-05-16
TDW [bullish]
Tidewater Inc.
-47.58%
current return
Author Info
Praetorian Capital is a hedge fund managed by Harris “Kuppy” Kupperman dedicated to seeking non-correlated, asymmetric and absolute returns. Sign up for the newsletter.
Company Info
Tidewater Inc., together with its subsidiaries, provides offshore support vessels and marine support services to the offshore energy industry through the operation of a fleet of offshore marine service vessels worldwide.
Market Cap
$2.8B
Pitch Price
$107.75
Price Target
N/A
Dividend
N/A
EV/EBITDA
6.86
P/E
19.05
EV/Sales
2.24
Sector
Energy Equipment and Services
Category
turnaround
Praetorian Capital holding: Tidewater ($TDW)
TDW: Offshore energy services recovery play. Demand to rise as producers boost E&P spending to combat high prices. Bankruptcies reduced competition & capacity. Positive FCF with restored balance sheet. Huge upside potential as cash flows improve & rigs are valued closer to replacement cost vs deep discount now.
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