5 Largest OSV Plays Average 21% Rebound From 12-Month Lows in 3Q18
OSV plays are widely regarded as one of the key beneficiaries of a rebound in oil prices. Crude, which has gained more than 20% since the start of the year, continues to hover near four-year highs, on fears of a sustained supply crunch. In 3Q18, the five largest SGX listed OSV stocks that saw the strongest price recovery from their 52-week lows were: Vallianz Holdings (28.6%), Mermaid Maritime (21.4%), Sinwa (21.1%), Dyna-Mac Holdings (18.0%), and PACC Offshore Services (17.4%). These five stocks averaged a 21.3% price gain from their respective 12-month troughs.