Tidewater (and Exxon) - You Do Not Own Enough
Tidewater, Exxon
Fun fact:
You do not own enough Tidewater. Or Exxon.
“Oil was written off. Now its the most productive industry in the US”
Written off?
We’ve been bullish oil since this time last year, have done well with a few positions, and remain bullish.
Tidewater is on the verge of meeting my “Special Situations” metrics, so could make a great swing trade however we’re looking at it as an investment and adding it to the Oil And Dividends - One And Done idea #8 basket.
Same is true of Exxon (XOM), adding it too to the same basket. Exxon pays a modest but secure 3.76% yield based on its close of $115.41 today, March 19 2025.
No stop on either name.
I’ll leave recapping oil sector positions for another day.
Today Exxon posted its highest close of 2025. Few stocks could claim the same, and it may surprise you to know that many of those would be in the oil & gas sector.
The need for energy is universal. That's why ExxonMobil scientists and engineers are pioneering new research and pursuing new technologies to reduce emissions while creating more efficient fuels. We're committed to responsibly meeting the world's energy needs.
https://investor.exxonmobil.com
Though Tidewater shows a scary trajectory over the past year when compared to Exxon, or to almost any other stock, that’s where I find outlier opportunity now.
Tidewater closed today at $42.33
Tidewater is a diversified energy infrastructure company with an integrated value chain across the North American gas processing, natural gas liquids, petroleum refining, and renewable fuels markets.
Founded in 1956 as the industry’s first Offshore Support Vessel (OSV) company, Tidewater currently owns and operates the largest OSV fleet in the industry, with over 65 years of experience supporting offshore energy exploration and production activities worldwide. We aim to be the global leader in the offshore industry by providing, in the most cost-efficient manner possible, unmatched support and exceptional local service to our customers, utilizing the safest, most highly skilled workforce.
I’m apparently not the only one seeing the bargain.
Arguably the best professional money manager working today, Rob Robotti, and his team at Robotti & Co felt it prudent to make their firm’s holdings 20-25% weighted in Tidewater since December.
This year Robotti, also a Tidewater board member, kept adding,
Tidewater Inc director Robotti buys $1 million in stock - March 18, 2025
December 13 and 16, 2024: Robotti acquired 21,147 shares at prices between $47.4719 and $47.6996 per share, totaling approximately $1,005,872.
December 17, 2024: He purchased 2,067 shares at an average price of $48.26 per share, amounting to about $99,758.
March 5, 2025: Robotti added 1,770 shares at $40.95 per share, with a total value of roughly $72,476.
March 13, 2025: He bought 25,000 shares at an average price of $40.11 per share, totaling around $1,002,750.
Tidewater’s board are great market timers. Its high last year was $111.42
I seldom care about insider or money manager activity, because it’s not proven to provide a timely and useful edge.
When its people with a proven knack for knowing when to act, and their activity aligns with my research and signals? I’m in too.
Great stuff. Love the humorous meme too!