However that was when Gorgon, Wheastone and many other local projects were in full swing
Problem now is there is plenty of gas supply re Australia
Browse will not be a goer for some years
Mermaid bit off more than it could chew buying Jaya (in order to sew up lost revenue streams in Australia)
Let us see how the upcoming final year half results pan out. We know that Mermaid stated in the last update things were not going to improve anytime soon and would get worst before better. They really did not give any guidance for second half financial year except to say this
I was in the stock for many years - from 2000 - 2013 and exited at a price 7x current.
Of course it was a completely different animal then, and the company was in growth mode
