@ fs000010
Are you suggesting that pure offshore oil/gas play is a sustainable mid/long term future for MCE? If yes, than I am not sure we are on the same page. The order book is shrinking year after year and as far as I understand on average oil must cost around 70 USD to make offshore projects profitable…
Therefore, you either believe that oil will be soon close to 70 USD mark or companies will find much cheaper way of building offshore projects.
Both are possible, but what would be the likelihood of either of these 2 options occur in the next 3 years. 10%, maybe 15%?
I understand your comments about diversification, but when your bread and butter industry is at near death, than diversification seems like the only option to save the business? If your believe there is a strong chance of offshore drilling revival, than could you share the reasons?
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27.5¢ |
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Mkt cap ! $72.45M | |||
| Open | High | Low | Value | Volume |
| 26.0¢ | 29.0¢ | 26.0¢ | $57.59K | 205.0K |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 7703 | 27.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 28.0¢ | 36500 | 1 |
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| Last trade - 15.48pm 25/11/2024 (20 minute delay) ? |
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