BUY POSSIBLY THE MOST HATED SECTOR OUT THERE

OFFSHORE OIL: TDW US, CGG FP, RIG US and SUBC NO

Is there a more hated sector? Arguably not. Fossil fuels are a dirty word, with governments and citizens alike shunning it like a venereal wart. Capital expenditure has absolutely collapsed and the entire sector is down some 90%. This while the world still gets over 30% of its oil from offshore sources and oil consumption itself continues to grow. We can’t think of another sector so primed to make a comeback. Our preferred names are TDW US, CGG FP, RIG US and SUBC NO