MRM
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0.00% $2.69 mma offshore limited

I believe oil services are about to enter the biggest downturn...

  1. ryrie12
    428 Posts.
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    16/01/15
    16:01
    Post #: 14595963
    I believe oil services are about to enter the biggest downturn of the past 30 years and Mermaid will feel the full impact. And contrary to consensus, the oil price will not bounce back quickly. It could take years, according to Michael Hintz of CQS.

    Schlumberger announced 9,000 job losses overnight, Woodside is about to slash capex, global E&P players are in retreat.

    50c price target for MRM.
    MRM Price at posting: 97.0¢ Sentiment: Sell Disclosure: Not Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
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