Action In The Gulf Of Mexico

Tidewater is benefiting from the new swell of activity in America's gulf--the Gulf of Mexico. As a result, the operator of one of the largest fleets of vessels serving international offshore oil-drilling companies is expected to come back to profitability after six years in the red. Its stock, which was severely hammered from a high of 22 in mid-1990 to 11 in mid-January, has trudged back up to 15.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.