With respect Pat , And I know you have a lot of experience with...

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suzanmb

443 Posts.

08/06/16

09:42

Post #: 17980007
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Originally posted by Brumbypat ↑

Brace yourself champ. MRM will often move in the opposite direction to Oil, especially when the shorters are on the chew.

There has been an astounding lack of understanding around the argument AHS has been making above.

Oil price could go to $70 tomorrow, and MRM will still most likely have a significant writedown on assets at the next report.

Without a major contract win between now and then it is almost guaranteed.

Short term, this stock will be hammered down until the ugly details of the writedowns are known. After that I may consider getting back in, as yes, the steady increase of the oil price will eventually trickle down to the service providers.

The argument AHS is making is about a time lag between the oil price rise, and the rise of actual oil services contracts.

That lag could be even longer than we imagine.

Sorry to give you a headache Suzan, but sometimes the truth hurts.

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With respect Pat , And I know you have a lot of experience with MRM , but you are confusing 'truth ' with speculation . You may be right , you may be wrong , that is very different to the 'truth ' . There is a lot of positioning and repositioning going on at the moment as we enter ' truth season' and as the oil price rebalances so do the big investment companies ... Cheers anyway Pat

MRM Price at posting: 40.5¢ Sentiment: Hold Disclosure: Held
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With respect Pat , And I know you have a lot of experience with...

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