I don't think it is as simple as that barny. In my experience...

I don't think it is as simple as that barny. In my experience the daily oil price movement has had little correlation with the MRM share price. This stock has been completely manipulated by shorters for the last year. I believe today is the day that one of the big players decided to cover their a before it got burned (as indicated above).

This stock was, and still is, way oversold by the shorters and now they have a decision to make. Do they take whatever profits they may have generated to date, or do they roll the dice on one more dip.

From my point of view, the company has NTA of around $2.10 per share and even if they sold off at 25% of what they state their assets are worth, that still implies a share value of around 50 cents. If worst comes to worst, buying at this price is not a risky proposition at all.

If oil continues to rebound, MRM get some more contracts and then all of a sudden they can sell some their boats at a much more reasonable price, then I certainly wouldn't want to be going short.

While ultimately the oil price trend will have huge implications for MRM (all boats rise on a rising tide), I don't think the spot prices have much do with big leaps like today.

These are just the observations of someone who has been buying this company from about 70c down. Look forward to hearing others thoughts on the above.