Cal Dive International, Inc. (CDVIQ)
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Cal Dive International, Inc. (CDVIQ) trades at $0.00 with AI Score 46/100 (Grade C). Cal Dive International, Inc. Market cap: $9,858, Sector: Energy.
Price live · AI analysis from Jun 15, 2026Analyst Coverage for CDVIQ: CDVIQ does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates CDVIQ against Energy peers across nine fundamental dimensions and assigns an underweight signal based on the underlying data.
CDVIQ: the 1 perspectives are evenly split.
How is this calculated? →Cal Dive International, Inc. (CDVIQ) Energy Operations & Outlook
Cal Dive International, Inc. is a marine contractor specializing in human-operated diving, pipeline services, platform operations, and light well intervention for the global offshore oil and natural gas industry. Established in 1975, the company currently operates under Chapter 11 bankruptcy reorganization, reflecting significant financial distress and a zero market capitalization.
What Is the Investment Thesis for CDVIQ?
Cal Dive International, Inc. historically operated as a critical marine contractor, offering specialized subsea services to the global offshore oil and natural gas industry. Its business model centered on human-operated diving, pipeline installation and repair, platform management, and light well intervention, supported by a proprietary fleet and extensive international presence. However, the company's current status is defined by its Chapter 11 reorganization filing on March 3, 2015. This has resulted in a market capitalization of 10K, reflecting its distressed financial state. The company exhibits a negative profit margin of -7.3% and a low gross margin of 2.3%, indicative of significant operational and financial challenges. A beta of 7.34 suggests extreme price volatility, likely exacerbated by its bankruptcy proceedings and OTC Other tier listing. The investment context for CDVIQ is primarily focused on the outcome of its reorganization, potential asset recovery, or the implications of its continued financial distress, rather than traditional growth or value metrics. Any potential for future value would be contingent upon a successful, albeit uncertain, emergence from bankruptcy or the strategic value of its underlying assets.
Based on FMP financials and quantitative analysis
CDVIQ Key Highlights
- Cal Dive International, Inc. filed for Chapter 11 reorganization on March 3, 2015, indicating significant financial distress.
- The company currently has a market capitalization of 10K, reflecting its status as a distressed asset.
- Financial performance shows a negative profit margin of -7.3% and a low gross margin of 2.3%, highlighting profitability challenges.
- With 1550 employees, Cal Dive historically maintained a substantial operational workforce for its global marine contracting services.
- The stock trades on the OTC Other tier, signifying limited public disclosure and heightened investment risk.
Who Are CDVIQ's Competitors?
CDVIQ is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| PLSDF Pulse Seismic Inc. | $2.39 | +1.27% | $121.21M | 67 |
| LB LandBridge Company LLC | $76.84 | +4.19% | $5.92B | 63 |
| SEI Solaris Energy Infrastructure, Inc. | $67.46 | +0.40% | $4.84B | 63 |
| EFXT Enerflex Ltd. | $22.63 | -1.95% | $2.76B | 62 |
| AESI Atlas Energy Solutions Inc. | $14.17 | -2.07% | $1.77B | 49 |
| ACGYF Subsea 7 S.A. | $27.00 | -29.30% | $8.00B | 49 |
| HLX Helix Energy Solutions Group, Inc. | $8.51 | -0.35% | $1.25B | 49 |
| AKRTF Aker Solutions ASA | $4.50 | +0.49% | $2.19B | 49 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are CDVIQ's Key Strengths?
- Established history as a marine contractor since 1975, indicating prior industry experience.
- Specialized service offerings, including human-operated diving and light well intervention, catering to niche market demands.
- Global operational reach across major offshore oil and gas regions.
- Proprietary fleet of dive support vessels and construction barges, providing operational assets.
What Are CDVIQ's Weaknesses?
- Ongoing Chapter 11 bankruptcy reorganization since March 2015.
- Zero market capitalization, reflecting severe financial distress.
- Negative profit margin (-7.3%) and low gross margin (2.3%).
- Trading on the OTC Other tier, indicating limited disclosure and potential regulatory non-compliance.
What Could Drive CDVIQ Stock Higher?
- The United States Bankruptcy Court for the District of Delaware continues to oversee Cal Dive International, Inc.'s Chapter 11 reorganization proceedings, which are critical for determining the company's future structure and financial obligations.
- Potential court approval of a reorganization plan, which would outline how the company intends to restructure its debts and operations, offering a path forward from bankruptcy.
- Resolution of outstanding claims from creditors and other stakeholders, a necessary step in the bankruptcy process to clarify the company's liabilities.
- Any potential asset sales or strategic divestitures as part of the reorganization, which could impact the company's remaining operational capacity and financial position.
What Are the Key Risks for CDVIQ?
- Financial-distress signal — its Altman Z-Score of -0.48 sits in the distress zone (elevated bankruptcy risk).
- Negative return on equity (-14.6%) — the business is not currently generating profit on shareholder capital.
- Weak fundamentals — a Piotroski F-Score of 3/9 flags soft profitability, leverage or efficiency.
- Failure to successfully emerge from Chapter 11 reorganization, which could lead to liquidation of assets and further losses for stakeholders.
- Continued financial distress, evidenced by negative profit margins and a zero market capitalization, indicating severe operational challenges.
- Delisting from the OTC markets due to non-compliance with disclosure requirements or failure to meet minimum financial standards.
- Further erosion of asset value if the bankruptcy proceedings are prolonged or if market conditions for its specialized fleet deteriorate.
- Regulatory non-compliance risks associated with trading on the OTC Other tier, which offers minimal transparency and oversight.
What Are the Growth Opportunities for CDVIQ?
- **Specialized Subsea Maintenance and Repair:** The offshore oil and gas industry continually requires maintenance for aging infrastructure, including pipelines and platforms. Cal Dive's historical expertise in human-operated diving and subsea repair services positioned it to address this ongoing demand. Such services are critical for operational integrity and safety, representing a persistent market need regardless of new project development. The global subsea services market, while subject to energy price fluctuations, consistently requires specialized contractors for inspection, repair, and modification (IRM) activities. If the company's assets or capabilities were to be utilized post-reorganization, this segment would remain a fundamental area of activity.
- **Light Well Intervention Services:** As oil and gas fields mature, light well intervention (LWI) becomes increasingly important for optimizing production and extending field life without the higher costs of full rig-based interventions. Cal Dive's historical provision of LWI services, utilizing its specialized fleet, allowed it to tap into a market driven by cost-efficiency and production enhancement. This segment offers a niche opportunity for companies with the specific vessel and diving capabilities required for these complex operations. The demand for LWI is expected to persist as operators seek to maximize returns from existing assets, presenting a long-term operational area for specialized marine contractors.
- **Global Offshore Infrastructure Development:** Despite energy transition trends, offshore oil and gas exploration and production continue in various regions globally, including the Gulf of Mexico, Latin America, and Southeast Asia. Cal Dive's historical global footprint and capabilities in pipeline laying, platform installation, and recovery aligned with the ongoing need for new infrastructure development and decommissioning services. This includes supporting new field developments, tie-backs, and the eventual removal of aging platforms. The cyclical nature of this market meant that periods of increased capital expenditure by E&P companies could historically drive demand for Cal Dive's construction and installation services.
- **Leveraging Specialized Fleet and Technology:** The company's fleet of dive support vessels and construction barges represents significant capital assets and specialized capabilities. In a functional state, these assets provided a competitive advantage for undertaking complex subsea projects that require specific equipment and highly trained personnel. The ability to deploy a versatile fleet across diverse geographical locations for various services, from diving to construction, historically allowed Cal Dive to capture a broad range of project opportunities within the offshore sector. The intrinsic value of these specialized assets remains relevant for marine contracting operations.
- **Decommissioning and Abandonment Services:** With an increasing number of offshore platforms and pipelines reaching the end of their operational life, the demand for decommissioning and abandonment services is growing. Cal Dive's historical expertise in platform recovery and pipeline removal positioned it to address this expanding market segment. Regulatory requirements mandate the safe and environmentally responsible removal of offshore infrastructure, creating a significant and long-term service opportunity for marine contractors with the necessary heavy lift and subsea capabilities. This area represents a critical and non-discretionary expenditure for operators, ensuring a steady demand stream for specialized providers.
What Opportunities Does CDVIQ Have?
- Potential for successful reorganization and emergence from Chapter 11, albeit with a restructured entity.
- Continued demand for specialized subsea maintenance and intervention services in the offshore energy sector.
- Value recovery from its specialized fleet and assets, potentially through sale or acquisition.
- Growing market for offshore decommissioning and abandonment services.
What Threats Does CDVIQ Face?
- Failure to successfully emerge from Chapter 11 bankruptcy, potentially leading to liquidation.
- Risk of delisting from OTC markets due to non-compliance or lack of financial viability.
- Continued financial distress and inability to secure new contracts or funding.
- Volatile global energy prices impacting demand for offshore services.
- Increased regulatory scrutiny and environmental mandates for offshore operations.
What Are CDVIQ's Competitive Advantages?
- Specialized fleet of dive support vessels and construction barges, representing significant capital investment and specific capabilities.
- Expertise in complex human-operated diving and subsea operations, requiring highly trained personnel and specialized equipment.
- Established global operational footprint, allowing for service delivery across diverse international energy regions.
- Integrated service offerings covering multiple critical aspects of offshore infrastructure lifecycle, from installation to intervention and recovery.
What Does CDVIQ Do?
Cal Dive International, Inc., founded in Houston, Texas, in 1975, has historically operated as a specialized marine contractor serving the offshore oil and natural gas industry. The company's comprehensive suite of services includes human-operated diving, which is critical for complex subsea inspections, maintenance, and repair tasks. Beyond diving, Cal Dive has been involved in the laying and burying of subsea pipelines, essential infrastructure for transporting hydrocarbons, and the installation and recovery of offshore platforms, covering the full lifecycle from development to decommissioning. Additionally, the company provided light well intervention services, aimed at optimizing production and extending the lifespan of existing wells without the need for full-scale drilling rigs. To execute these specialized operations, Cal Dive leveraged its own fleet of assets, comprising various dive support vessels and construction barges. This proprietary fleet enabled the company to undertake diverse projects across a wide geographical footprint. Its operations historically spanned key energy regions globally, including the Gulf of Mexico Outer Continental Shelf, the Northeastern United States, Latin America, Southeast Asia, China, Australia, West Africa, the Middle East, and Europe. This extensive reach allowed Cal Dive to serve a broad base of international clients within the offshore energy sector. However, the company, along with its affiliates, filed a voluntary petition for Chapter 11 reorganization in the United States Bankruptcy Court for the District of Delaware on March 3, 2015, marking a significant turning point in its corporate history and operations.
What Products and Services Does CDVIQ Offer?
- Provides human-operated diving services for offshore oil and natural gas operations.
- Specializes in the laying and burying of subsea pipelines.
- Offers platform installation and recovery services for offshore structures.
- Conducts light well intervention to optimize and extend the life of offshore wells.
- Operates a proprietary fleet of dive support vessels and construction barges.
- Historically served clients across the Gulf of Mexico, Latin America, Southeast Asia, and other global regions.
- Functions as a marine contractor for the offshore oil and natural gas industry.
How Does CDVIQ Make Money?
- Generates revenue by contracting specialized marine services to offshore oil and natural gas companies.
- Utilizes its owned fleet of dive support vessels and construction barges for project execution.
- Offers a range of services from subsea construction and maintenance to well intervention.
- Operates on a project-by-project basis, bidding for and executing contracts globally.
What Industry Does CDVIQ Operate In?
Cal Dive International, Inc. operates within the Oil & Gas Equipment & Services industry, a sector integral to the exploration, development, and production phases of the global energy market. This industry is characterized by its cyclical nature, high capital expenditure requirements, and sensitivity to crude oil and natural gas prices. Companies like Cal Dive provide specialized services such as marine construction, subsea diving, and infrastructure support that are essential for maintaining and expanding offshore energy operations. The competitive landscape includes other marine contractors and specialized service providers, often vying for contracts in regions like the Gulf of Mexico, Southeast Asia, and West Africa. While the broader energy market faces increasing pressure for transition to renewables, the demand for offshore oil and gas services, particularly for maintenance, intervention, and decommissioning of existing infrastructure, remains significant. Cal Dive's historical positioning was as a key player in providing these critical, specialized services, albeit now under the shadow of its Chapter 11 reorganization.
Who Are CDVIQ's Key Customers?
- Offshore oil and natural gas exploration and production companies.
- Energy companies requiring subsea infrastructure installation and maintenance.
- Operators needing specialized diving and marine construction support.
- Companies involved in platform decommissioning and recovery.
How Cal Dive International, Inc. Is Valued
Cal Dive International, Inc. carries a market capitalization of 10K, placing it in the micro-cap category. Relative to its peer group, CDVIQ's quantitative score of 46/100 is below the peer average of 61/100.
Company Profile
Cal Dive International, Inc. operates in the Oil & Gas Equipment & Services industry within the Energy sector. It is headquartered in Houston, US. The company is led by CEO Quinn Hebert. CDVIQ has traded publicly since 2006.
ROE -15%Key Financial Metrics
Return on equity for Cal Dive International, Inc. stands at -14.6%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is -5.8%, showing how much profit it generates from its asset base. A current ratio of 1.42 indicates the company holds enough short-term assets to cover its near-term obligations.
F-Score 3/9Financial Health
Cal Dive International, Inc.'s Piotroski F-Score is 3/9, a 9-point checklist of profitability, leverage and efficiency — flagging fundamental weakness worth scrutiny. Its Altman Z-Score of -0.48 places it in the distress zone, a signal of elevated financial risk.
CDVIQ Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis
Bull Case vs Bear Case
Bull Case
- Established history as a marine contractor since 1975, indicating prior industry experience.
- Specialized service offerings, including human-operated diving and light well intervention, catering to niche market demands.
- Global operational reach across major offshore oil and gas regions.
- Proprietary fleet of dive support vessels and construction barges, providing operational assets.
Bear Case
- Ongoing Chapter 11 bankruptcy reorganization since March 2015.
- Zero market capitalization, reflecting severe financial distress.
- Negative profit margin (-7.3%) and low gross margin (2.3%).
- Trading on the OTC Other tier, indicating limited disclosure and potential regulatory non-compliance.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · July 2026
CDVIQ Latest News
No recent news available for CDVIQ.
CDVIQ Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for CDVIQ.
Price Targets
Wall Street price target analysis for CDVIQ.
CDVIQ MoonshotScore
What does this score mean?
The MoonshotScore rates CDVIQ's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Leadership: Quinn Hebert
Chief Executive Officer
The provided data indicates Quinn Hebert as the leader managing 1550 employees at Cal Dive International, Inc. Specific details regarding his prior career history, educational background, or previous executive roles are not available in the source information. His role as Chief Executive Officer during a period of significant corporate restructuring suggests a background in operational management or turnaround situations, although these specifics are not explicitly stated. His leadership is critical in navigating the complexities of the company's ongoing Chapter 11 reorganization process.
Track Record: Specific achievements, strategic decisions, or company milestones directly attributable to Quinn Hebert's leadership are not detailed in the provided source data. His primary responsibility, as inferred from the company's current status, involves managing the company through its Chapter 11 reorganization, a period focused on financial restructuring and operational stabilization. Any track record would be intrinsically linked to the outcomes and progress of these bankruptcy proceedings, which are critical for the company's future viability.
CDVIQ OTC Market Information
Cal Dive International, Inc. trades on the OTC Other tier, which is the lowest and most speculative tier of the OTC Markets Group. This tier, often referred to as the 'Pink Sheets,' is for companies that do not provide current information to OTC Markets or are in financial distress, such as bankruptcy. Unlike companies on higher OTC tiers (OTCQX, OTCQB) or major exchanges like NYSE or NASDAQ, OTC Other companies have minimal to no reporting requirements, leading to a severe lack of transparency. This tier is typically associated with significant risk, illiquidity, and potential for fraud, as investors have very limited access to reliable financial and operational data.
- OTC Tier: OTC Other
- Disclosure Status: Unknown
- Extreme lack of public financial and operational disclosure due to 'Unknown' disclosure status.
- High risk of delisting from OTC markets if regulatory requirements or financial viability cannot be met.
- Severe illiquidity and wide bid-ask spreads, making it difficult to buy or sell shares.
- Significant price volatility driven by minimal trading volume and speculative interest.
- Ongoing Chapter 11 bankruptcy proceedings create substantial uncertainty regarding the company's future.
- Review all available filings with the United States Bankruptcy Court for the District of Delaware regarding the Chapter 11 proceedings.
- Monitor any public announcements or court orders related to the reorganization plan, asset sales, or claims resolution.
- Assess the value of any remaining assets or intellectual property as detailed in bankruptcy documents.
- Seek independent verification of any management statements or operational updates, given the 'Unknown' disclosure status.
- Understand the potential for dilution or cancellation of existing equity in the event of a reorganization.
- Evaluate the long-term viability of the company's historical business model within the current energy market context.
- Consult legal and financial advisors specializing in distressed assets and bankruptcy proceedings.
- Established operating history since 1975, indicating a long-standing presence in the industry prior to its financial distress.
- Specific focus as a marine contractor providing specialized services to the offshore oil and natural gas industry.
- Historically maintained a global operational footprint across various international energy regions.
- A named CEO, Quinn Hebert, is publicly associated with managing the company and its 1550 employees.
What Investors Ask About Cal Dive International, Inc. (CDVIQ) — Energy
What services does Cal Dive International, Inc. provide to the offshore oil and gas industry?
Cal Dive International, Inc. historically operated as a marine contractor, offering a comprehensive suite of specialized services to the offshore oil and natural gas industry. These services included human-operated diving for complex subsea inspections, maintenance, and repairs, which requires highly specialized skills and equipment. The company also engaged in the laying and burying of pipelines, crucial for hydrocarbon transport, and the installation and recovery of offshore platforms, supporting the full lifecycle of offshore infrastructure. Additionally, Cal Dive provided light well intervention services, aimed at optimizing production from existing wells. These operations were supported by its proprietary fleet of dive support vessels and construction barges, allowing it to serve clients across a broad global footprint.
What are the implications of Cal Dive International, Inc. trading on the OTC Other tier?
Trading on the OTC Other tier, often referred to as the 'Pink Sheets,' signifies that Cal Dive International, Inc. is in the lowest and most speculative category of OTC Markets. This tier is typically reserved for companies that provide limited or no public information, are in financial distress, or are non-compliant with regulatory standards. For investors, this implies a severe lack of transparency, as the company's disclosure status is 'Unknown,' meaning there are no consistent public financial reports. Consequently, there is extremely low liquidity, wide bid-ask spreads, and high price volatility, making it very difficult to trade shares. This tier carries significant risks, including potential delisting and a heightened susceptibility to fraud, due to minimal regulatory oversight.
How has Cal Dive International, Inc.'s Chapter 11 reorganization impacted its operations and financial standing?
Cal Dive International, Inc. filed for Chapter 11 reorganization on March 3, 2015, a legal process designed to allow a company to restructure its debts and operations while continuing to operate. This filing has had a profound impact, leading to a current market capitalization of 10K, reflecting its distressed financial state. The company exhibits negative profitability with a -7.3% profit margin and a very low 2.3% gross margin, indicating significant operational challenges and an inability to generate sustainable profits. The reorganization process itself involves court oversight, negotiations with creditors, and potential asset sales or restructuring of equity, creating substantial uncertainty regarding the company's future operational capacity and financial viability.
Given its historical focus, how does Cal Dive International, Inc.'s business model relate to broader energy market trends?
Cal Dive International, Inc.'s historical business model was deeply intertwined with the offshore oil and natural gas industry, a sector highly sensitive to global energy prices, geopolitical factors, and environmental regulations. Its services, such as pipeline laying, platform installation, and subsea maintenance, were essential for the development and upkeep of hydrocarbon infrastructure. While the broader energy market is experiencing a transition towards renewable sources, there remains an ongoing, albeit cyclical, demand for specialized offshore services to support existing production, optimize mature fields, and manage decommissioning. Cal Dive's historical expertise positioned it to address these persistent needs within the traditional energy sector, particularly for complex subsea operations that require significant capital and specialized skills.
What are the primary financial characteristics of Cal Dive International, Inc. as of today?
As of today, Cal Dive International, Inc. exhibits several critical financial characteristics that underscore its distressed status. The company's market capitalization stands at $0.00 billion, directly reflecting its ongoing Chapter 11 bankruptcy reorganization and the severe erosion of shareholder value. Its profitability metrics are notably negative, with a profit margin of -7.3%, indicating that the company is incurring losses relative to its revenue. The gross margin is also very low at 2.3%, suggesting that the cost of services sold consumes nearly all revenue, leaving minimal funds to cover operating expenses. Furthermore, a beta of 7.34 points to extreme volatility, which, in this context, is likely a consequence of its bankruptcy proceedings and highly uncertain future, rather than typical market-driven movements.
What are the key factors to evaluate for CDVIQ?
Cal Dive International, Inc. (CDVIQ) holds an AI score of 46/100 (low). Not financial advice.
How frequently does CDVIQ data refresh on this page?
CDVIQ prices update in real time during U.S. market hours. Fundamentals refresh after quarterly filings; analyst ratings and AI insights update daily; news is aggregated continuously.
What has driven CDVIQ's recent stock price performance?
Cal Dive International, Inc. (CDVIQ) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Established history as a marine contractor since 1975, indicating prior industry experience. See the News tab for the latest drivers. Past performance does not predict future results.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Information is based solely on the provided source data.
- The company's Chapter 11 bankruptcy status significantly impacts all financial and operational interpretations.
- Forward-looking statements or growth opportunities are framed as historical capabilities or potential outcomes of the bankruptcy process, not current projections.
- Specific details regarding CEO background and track record were not provided and are noted as 'Unknown'.