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TomDaSpankEngine
May 26, 2023 3:48 PM

VTOL: Prepare for lift-off, triple-digit share price Long

Bristow Group, Inc.NYSE

Description

VTOL will benefit from the resurgence in offshore drilling as their fleet of helicopters becomes more in-demand. Also, the chart is technically beautiful. Clean 5 waves up off the COVID low, followed by a kiss of the 50% retrace. Sell zone is $175-290. The sell zone will narrow as time goes by.

Comment

Nice move over the last couple of days on the heels of the announcement that VTOL was awarded a 700M contract with the Irish coast guard. Thesis and $150+ price target by end of 2025 still in tact.

Comment

So far so good. Fairly safe to say the bottom is certainly in at this point. Well on the way to a triple digit share price.

Comment

Well on track.
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