Again I say 'with no hard feelings ' those who do not have the stomach , this is the wrong one for you . The N.W. of W.A. off shore gas construction has many years to run , MRM a key player , and after the construction phase , then the care and maintenance part comes along , then with the strategic supply bases in place ' as with Dampier , Broome ant the S.E. Asian bases ' they pay their way . Also all sea going oil and gas need the likes of MRM to transport and maintain vital infrastructure . Regardless of current oil prices this a ' Vital part ' of the Worlds most important commodity . The foundation of western society , as we know it , still depends on OIL and GAS ' at a balanced price ' . The oil industry is going through ' transitional ' period with new tech tearing at the ' OLD GUARD ' and over the coming decades it will get worse for them .No one can deny that world consumption of oil and gas is growing . China put another 20ml extra cars on the road last year . OPEC has admitted that up to $10 trillion U.S. will need to be spent over the next decade on E & D with %70 coming from non OPEC countries . And that is why I believe the ' Long Game ' is in play here . Personally I feel if you cant see a future here , If you cant find any value here , then move on to something better . If you are foolish enough think that this is a fair market and ' The shorters always get it right , well , you have little knowledge of the real people behind the markets . Where there is big money there are big Criminals , they don't play fair . Take advantage of these low low prices , or cower in the corner , the choice is yours .......
MRM Price at posting:
30.0¢ Sentiment: Hold Disclosure: Held