Disclaimer: This is not investment advice and meant for entertainment purposes only, I hold a position in the discussed company and therefore may be biased in my opinion. Be aware that this is an illiquid microcap, please only trade with a limit-order.
Koil Energy calls itself the “plumber and electrician” of the subsea world. They provide products and services to the offshore market, mainly oil, with some renewables. Since Erik Wiik became CEO, results have picked up: the company generated about $2.5 million in operating income in 2024. With four new contracts in August and an expansion into Brazil, Koil is positioning itself for further growth.
I first profiled the company in June 2024 (see here), and I did a site visit in April 2025 (see here). This time I’m sharing my conversation with CEO. We talk about their value proposition, the offshore oil market and how he plans to grow the business.
