Subsea 7 S.A.
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position
long
Robert Robotti
Thesis
Subsea 7, formerly Acergy, specializes in deepwater installation of subsea equipment for the oil and gas industry. The company has a competitive advantage due to its technological expertise and the complexity of its operations, which creates high barriers to entry.
Did it work?
inconclusive
confidence: low
Without specific price performance data or a defined time horizon for the thesis, it's difficult to assess whether the investment thesis has played out. The competitive advantage and barriers to entry mentioned in the thesis are valid points, but without knowing how the stock has performed or any developments in the company's operations, I cannot determine the outcome of the pitch.
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