improving global subsea market

Sector conditions are still due to improve by all accounts. The market volatility and level quarterly results seems to have spooked many into a sell off of Neptune, but there remains little to be concerned about as far as I am concerned.

Agree with other's opinions that an $8M contract is loose change in the scheme of things, however it is still very much early days for the company and such contracts are a good sign of a continuing healthy relationships in the industry. One would still only expect for singular contracts values to increase as we go (as they have as promised thus far and in line with the growth strategy) and for the company to meet its full year forecasts. There has been little to suggest anything otherwise.

The boom in the oil and gas / energy services sector is anything but over.

http://www.subseaworld.com/news/global-subsea-market-spend-to-increase-by-65.html