NEW YORK, March 24 (Reuters) - Shares of cargo ship operatorSeacor Holdings could climb as oil drilling in the Gulfof Mexico picks up, according to a report in Barron's weeklyfinancial newspaper.
Gulf drilling, which was sharply cut back after the BP 2010 spill, has been coming back, with explorationoutfits deploying an increasing amount of rigs, the report inthe March 25 edition said.
Seacor, which also operates work boats for oil rigs, couldboost 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 premiumto book value, but at its current price, the stock is about 20percent below that value, which some investors see as a buysignal, the report said.
The stock closed at $71.83 on Friday.