Buying 1/3 position in OII under 41. Will buy more at 36 if I can.
This is obviously down because of the deep-water drilling moratorium, but also through “guilt by association” because of BP. Every time you look at the leak, you see “OCEANEERING” in the upper left-hand corner…
They will suffer some earnings hits, but they are the answer, not the problem…Down from $68 since the leak, now near $41.
ADDENDUM: paid 40.45