Weber could be referring to either oil companies or oil services companies. I think he is referring to companies reducing capex as well as buying out distressed assets. Some oilers are looking pretty bad when you look at their debt. If speaking about service companies then a bit of m&a could be going on soon. Happens with any industry that has experienced a crash. Regarding MMA our gearing is 36% which is more than manageable which means we should meet our repayments.
Having a look around the industry earning Q1 2015 has not been bad and there is still significant activity.
I get that this company doesnt care too much about short term price movement, but an asx release before results next month would really help me sleep better at night!
Also a thought - would the downturn in the industry help with enterprise agreement bargaining? Or do the unions not care and will push forth?
Weber could be referring to either oil companies or oil services...
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$2.58 |
Change
0.020(0.78%) |
Mkt cap ! $977.8M | |||
| Open | High | Low | Value | Volume |
| $2.56 | $2.59 | $2.54 | $37.20M | 14.51M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1350703 | $2.58 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.60 | 67518 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| MRM (ASX) Chart |