Ann: Trading Update, page-46

TL;DR

I would imagine that when the oil price support pushes the trend up then big oil would have trouble securing OSV assests for long term contracts. It would be safer for a company like WPL to buy out MRM and insource their capability and assets. WPL is still cutting cost and the industry is still in consolidation.


IMO this stock is trapped until we get an oil supply crisis, then look for a buy out. For now it is a loss making company, preserving skills is important, hence banks will be bailout friendly.

GLTOH