I won't be watching for oil to rise actually. If MRM can cut costs to breakeven in the low oil price environment we find ourselves and if it regains some financial leeway in it's balance sheet that enough for me.
If that company then costed 200m then I would hold, as I think the market may anticipate the recovery in earnings before it happens. I think a recovery for oil is not too far away, only a year or two.
So if there is a C/R - how much will be needed, page-15
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