Fearnley Securities has ended a close to three-year absence from offshore support vessel research and relaunched coverage of the space amid the belief a recovery will develop over the coming years.
Gustaf Amle, who works on the Oil Service research team at the Norwegian finance house, has taken up coverage of Standard Drilling and Tidewater with buy ratings.
Fearnley dropped OSV coverage in late 2015 due to the severe market downturn which left investor interest at a minimum and listed companies straining under the weight of boom-time debt.
