We knew it was gonna be a bad one and it proved a little worse than we all hoped.
So we will break even in a harsh climate for oil and gas service companies which when you think about it we did well considering the ships and most rov's were unemployed.
Lange says early in the second half looks to be tight as well so FY 1O/11 looks where we might be back to normal.
The good thing is we are picking up different customers and whole scope of work.
I'm sure as things pick up momentum in world growth we will win much more work and that's a fact.
The gap i was on about got well and truly filled today..lol.
Support seems to be 50 cents so hopefully that holds.
And it also created another gap at 55 cents on the way down which when things settle down will also get filled, sure as night follows day.
We may as well take the next 6 months off cause it's gonna be a boring thread on here as the SP will be in a holding pattern unless of course we hit on some major works.
NMS Price at posting:
51.0¢ Sentiment: Buy Disclosure: Held
