Feb 12, 2019 / 03:40PM GMT
James Knowlton Wicklund - Crédit Suisse AG - Research Division - MD
I think we'll go ahead and get started. We have next up Tidewater, we have John Rynd, CEO, former CEO of Hercules; Quintin was CFO, former CEO of GulfMark; we have Jason, Director of Investor Relations. I don't know, John, if you want to make some opening remarks, then we'll get into some questions.
John T. Rynd - Tidewater Inc. - President, CEO & Director
No, thanks again for having us. Obviously, I think we -- you just saw a good presentation by David, and I think the struggles that he's facing is it's out throughout the whole oil field service sector. It's not just the North American land. I think we're as an industry oversupplied on all of the capital equipment. So I think it's been a tough -- I think it's been a 6-year cycle, is my number. I think it started in '14, even though oil prices collapsed at the end of '14. If you look at rig activity and vessel activity, it was coming down in '14 in $100 oil. Really driven by our customers' return on capital or going
Tidewater Inc at Credit Suisse Energy Summit Transcript
Feb 11, 2024
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