There report was a shocker as far as I'm concerned and with a lot of boats with no work the next period will be a shocker too. It will take a long time for any spike in the oil price to reflect on earnings I believe . However the market is a forward looking beast and no doubt increased oil price will reflect on the share price . The performance graphs in the annual report are terrible . This whole saga and performance is no reflection on management as I believe they got caught in the perfect storm . They are doing there best in a woeful market for there services . Would I invest , well I think the time to do that was in the mid twenties early thirties . Unfortunately I bought at 28 and got cold feet at .34 . Long term they will reward if they can survive with there state of the art fleet .
MRM Price at posting:
43.5¢ Sentiment: Hold Disclosure: Not Held
