When a company performs poorly people blame the management....

When a company performs poorly people blame the management.
Sometimes they are right but on this occasion I think that's unfair, the company went into this slowdown conservatively financed. What we are seeing now is oil companies squeezing their service companies right to the brink and it's absolutely mad.
Now is actually time to take advantage of low rates and do exploration work. They would both help the likes of MRM and themselves. Not holding my breath for that though.
I heard one figure bandied about that $1 trillion was lost in the shale oil bust, that's a staggering amount and I think only the direct losses.
The result of the underinvestment is that there will be another boom. It's not the fault of MRM management that the oil industry is run like a speculative casino.
I can make no judgement on management good or bad. They seem to be relatively straightfoward which is rare as mostly corporations are run by complete crooks. Haven't met them personally though, even when I do that can't be sure of my judgement.