Yup true about price targets and STO. I get that a lot though.
I don't know how to pick the bottom or any technical analysis, just buy stocks when they are cheap buy more when they are cheaper.
When people start saying the shares will fall to x - they always fall to just above. Similarly if I said I think the shareprice will rise to x then I would be wrong.
I don't look at it this way - the question is what do I think the business is worth long term. That number changes as developments occur.
Looking revenues and historical margins what I am suggesting is not as nutty as it may seem. I think the industry needs to recover to former levels for world oil demand to be met long term.
MRM Price at posting:
29.0¢ Sentiment: None Disclosure: Not Held
