Offshore Contracting: STOLT OFFSHORE’S STRONG POSITION

By Urs M Dür

Stolt Offshore (NASDAQ: SCSWF) the petroleum exploration sub-sea/offshore contracting firm, has experienced a rough year in terms of its share price, likely to lose $0.39/share in 2000, at best. Yet, in the face of losses, on percentage terms, they have performed on a par with the Dow Jones Industrial Average, the S&P 500, and certainly have out-performed their US home exchange index, the NASDAQ. So, if you held this company this year it most certainly could, speaking broadly, have been worse.

That therefore is the primary point. A company that lost money this year has maintained its share-price and is only down marginally in percentage terms. According to their estimates, earnings will break-even in Q4 2000 and SO feels strongly that black numbers can return as early as Q1 2001.

This is only an excerpt of Offshore Contracting: STOLT OFFSHORE’S STRONG POSITION

Content is restricted to subscribers. To continue reading please Log-In or view our subscription options.