What if I told you that I have good reason to be quite confident Toll/Japan Post will acquire MRM's bases as announced?
Who know where the oil price will be over this year and next. There are games being played but I'm betting Rex Tillerson and his holdings in ExxonMobil that oil will pick up long before MRM's bankers call them in.
Frackers need about $40 a barrel to be profitable; offshore could be, according to Weber, justifiable at $50 a barrel. This is due to oilers having reduced their cost base, being more efficient, and they better start drilling or else will lose their permit.
But yea, let's see.
MRM Price at posting:
15.0¢ Sentiment: Buy Disclosure: Held