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33.0¢ mma offshore limited

$140 million impairment charge says it all, page-22

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Austinhealeysprite

896 Posts.

6

31/07/16

21:12

Post #: 18411708
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Originally posted by croasian ↑

That's my biggest worry, Gorgon and Pluto. The LNG glut won't ease in the next 5 years I think.
I need to look into how these sit as a % of total revenues and how they may decline further.
I am aware conditions are tough, a consequence of easy conditions just a few years ago. Similarly the present tough conditions will eventually lead to better conditions. That much is a certainty, the when is the tricky bit.

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Older revenue sources at higher rates will progressively drop off. This will drop MRMs revenue even lower than the difference in rates and utilisations of old vs new suggest. Gulp...

MRM Price at posting: 29.5¢ Sentiment: Sell Disclosure: Held
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0 Great analysis

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