MCE
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2.99% 34.5¢ matrix composites & engineering limited

Tonnes of leverage. I don't think the oil price needs to go up...

  1. bcc_100
    1,044 Posts.
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    15/11/19
    11:12
    Post #: 41442889
    Tonnes of leverage. I don't think the oil price needs to go up it just can't go down. Reading the Schlumberger and Baker Hughes quarterlies there is momentum in cap spend but it's really still a trickle. The next 12 months will be interesting. Make or break my thesis.
    MCE Price at posting: 41.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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