the bouyancy trade here, is if the market realizes the pro forma equation, and the CR is flushed through at 0.5c, maybe 0.4c with the option break even. That would make a 6-8m mc, dog crap bottom of peers. Hence some prospect of a buoyancy spec lift to say 10-12m mc.
Not investment advice.
the bouyancy trade here, is if the market realizes the pro forma...
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