I think we have a good forum here on MRM where we can debate perspectives.
I am in total agreement that oil price is likely to near term increase. That will I think benefit oil companies.
Oil services companies sit on a lag. Their employers need to make money before they do.
Before decent ish contracts come to MRM (it's been about 6 months since the last decentish one), I think we need IMO to brace for bad news re lower day rates, utilisations, and associated boat lay ups.
MRM Price at posting:
42.0¢ Sentiment: None Disclosure: Held
