Sorry to see you go Austin . The US is a completely different...

Sorry to see you go Austin . The US is a completely different creature to Aust and they have a lot of oversupply due to onshore shale weighing on the market sentiment re offshore.

In oz there has been a lot of delays for pipeline and subsea surveys which are required every 5 years to satisfy NOPSEMA . Some are now becoming due for survey and whether they like it or not , the oilers will have to cough up and do it.

China is increasing lpg consumption, albeit slowly, so that's good. And the oil price recovery is quicker than anticipated meaning back to work for Mrm ! It all happens quickly. I have wpl too and Mrm is doing better in my portfolio .

Besides look at all the buyers in the low 40s , short covers I suspect . Time will tell