Burned by (NASDAQ: DEEP)? Take a look at (NYSE: HOS)

Good Lord, was I wrong on Superior Offshore International (NASDAQ: DEEP). Take a look at this one, ouch. We're current in the midst of a descending triple bottom breakdown on our P&F chart, something that is not friendly. There will be a rebirth of this stock, but most certainly on a much different level than its mid-teens IPO and highs of nearly $20.

If you're looking for a similar Gulf services play, now may be the time to take another look at Hornbeck Offshore Services (NYSE: HOS). HOS provides offshore supply vessels (OSVs) to customers in the offshore oil and gas industry, primarily in the United States Gulf of Mexico and in select international markets. The focus of the Company's OSV business is on complex exploration and production activities, which include deepwater, deep well and other logistically demanding projects. This is a much better technical play right now. Last week, this stock broke out on 2x volume after reporting earnings that beat analyst expectations. This was a 13-week base breakout. This company seems to be currying a lot of the favor that DEEP held in investors mind and one has to like the relatively more diversified revenue stream. Both companies have small international plays that could help them step out of their Gulf-only stigma and provide significant growth.