Hornbeck Offshore Services (HOS-N)

(Market Call Minute) They are facing a headwind and he would prefer to stay away from the group.

(A Top Pick March 13/13. Down 7.51%.) This is probably more sector related. They are in the transportation business and service Deepwater drill rigs. The whole sector is really suffering. Last week in Barron’s it was highlighted as one of the most inexpensive offerings in the market on a “price to book” valuation. Continues to like this one very much.

(BNN got their Top Pick dates wrong on today’s shows. I show the 3 Top Picks as being on July 25/12, not June 25/12. – Bill)

(A Top Pick July 25/12. Up 69.09%.) Doing very well after the McCondall accident in the Gulf. The Gulf has recovered and activity is increasing. Day rates are at very high levels. Has a very new fleet so utilization rates are high. Thinks they could double earnings in 2014 from 2013.

(A Top Pick July 25/12. Up 38.67%.) Do servicing for tugs and deep water drilling and are growing dramatically. Expect their 2014 earnings will have a chance to double.

Offshore oilfield services. They move the giant offshore rigs around the world. The Gulf of Mexico business is coming back. Regulations are becoming a little more common sense based. Companies like this have used the downtime to enhance their business. An expanding, growing business. Day rates and utilization rates are high.