Good Morning Mermaids , Thanks guys, some really good posts this morning . One thing I forgot to add along with shrinking oil production and the Venezuela collapse is that as hundreds of billions of dollars have been withdrawn from new oil developments , budgets have been slashed for repair and maintenance . This cannot last . The oil and gas industry is very volatile and dangerous work . Only specialist operators like MRM can carry out this work . I believe there is a backlog of maintenance work especially in off shore operations . There is a flood of work coming once o.p. rebalances , and it cant be put off . A rebalancing of the o .p will bring higher rates , more work , and the most important thing of all confidence and sentiment .......Cheers
MRM Price at posting:
44.5¢ Sentiment: Hold Disclosure: Held
