NEW YORK, March 24 Shares of cargo ship operator
Seacor Holdings could climb as oil drilling in the Gulf
of Mexico picks up, according to a report in Barron's weekly
Gulf drilling, which was sharply cut back after the BP
2010 spill, has been coming back, with exploration
outfits deploying an increasing amount of rigs, the report in
the March 25 edition said.
Seacor, which also operates work boats for oil rigs, could
boost revenue from offshore marine business by 20 percent,
resulting in a big boost to earnings, the article said.
What's more, the stock often trades at a 25 percent premium
to book value, but at its current price, the stock is about 20
percent below that value, which some investors see as a buy
signal, the report said.
The stock closed at $71.83 on Friday.