The worrying thing about this cyclic downturn is the emergence of shale oil as a competitor to conventional drilling. The lower capital costs, shorter start up time and vast supply of shale oil makes it a very much a serious threat to offshore E&P. And given the oversupply of offshore vessels it will be tough going for a lot of service providers.
We are very lucky that MRM still has a few years of exposure to construction support otherwise I think it would have been dead in the water.
Iran to put further downward pressure on oil could affect service provider Mermaid Marine, page-27
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Mkt cap ! $1.000B | |||
| Open | High | Low | Value | Volume |
| $2.64 | $2.65 | $2.63 | $6.136M | 2.330M |
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| Price($) | Vol. | No. |
|---|---|---|
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