Cash-rich Hornbeck Offshore Services (HOS) has been backed to survive the offshore downturn better than its other US rivals.
Clarksons Platou said the company is its preferred pick of stocks, due to the $300m of cash on the balance sheet.
Even after paying $140m of remaining capital expenditure, it should have plenty left to fund any potential cash burn, "which we don’t currently anticipate," the analyst said.
"Moreover,
