Hi again Yellowfin. I'm repeating a link from earlier in the...

First 27 Last

Share
Profile

Follow
Austinhealeysprite

896 Posts.

6

05/10/16

21:40

Post #: 19652183
Share

Originally posted by yellowfin ↑

I am glad that the ill informed and lack of knowledge opinions are only limited to those with a sell bias.
The size of boat is only part of the dynamics, what you clearly don't understand is that seismic survey operations are conducted over many months and, in the case of Western Geco, apply to multiple projects with not just one small boat. So a boat for each project. Additionally, WG used Dampier as its mobilisation/storage facility so it is not just limited to vessel ops. Another point to consider is that PGS , Veritas, CCG and other competitors also used MRM.
In answer to your question about new vessels, this is being acknowledged and addressed by MRM in focusing on care and maintenance of existing infrastructure. This is, somewhat, immune from the oil price dynamics as these multi million/billion dollar facilities still have to be maintained, irrespective of oil price.
I suggest you continue to stay away from MRM and watch it and oil rise, as you do so.

Expand

Hi again Yellowfin.

I'm repeating a link from earlier in the thread, see below, but have you read the article?

You have called the likes of myself un informed yet I'm not sure that you have read widely at all.

Have you any comment about how the industry ended up with such massive oversupply and how it now faces issues with its banks galore?

Do you predict an increase in utilisation or day rates in the near future at all? Or is a further decrease in both rates and utilisation still yet on the cards???

http://splash247.com/latest-splash-chat-live-qa-casts-long-dark-shadow-offshore/

Last edited by Austinhealeysprite: 05/10/16

MRM Price at posting: 35.0¢ Sentiment: Sell Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

Chaos reigns markets – so let's take stock of where we're at ahead of December

There are more pages in this discussion • 17 more messages in this thread...

First 27 Last

Add MRM (ASX) to my watchlist

Hi again Yellowfin. I'm repeating a link from earlier in the...

Top Stories

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

Chaos reigns markets – so let's take stock of where we're at ahead of December