As things are with at the moment and in foreseeable future with MRM, how on earth could a shorter attacking MRM get caught with their pants down?
As I stated the other day I found another competitor disclose how though this industry is at the moment, ie one deal available, 10 parties pitched for it with a total of 14 assets. This is the competition for one contract for one asset!
At $50 oil the oil companies are not investing in the offshore space, indeed focus is on reducing not increasing spend on service providers soon.
I totally fail to see how on earth the shorters could get caught.
Asset impairments and cap raising coming soon. Should see the stock sub 20 ... Post raising even less, sub 10?
MRM Price at posting:
30.5¢ Sentiment: Sell Disclosure: Held