As a long term hold MMA is worthwhile.
Share price could go up or down over next little while.
Unlikely any dividends for a while but will be good dividends when the cycle turns.
The world needs oil and oil needs investment to get it out and (in time) that investment will equal good work for MMA.
For MMA it is a matter of surviving the down cycle. They seem to be doing a pretty good job of dealing with survival.
On their side they have some hot new boats and the right sort of asset recycling attitude for the older ones. All will help cash till the cycle turns... Whenever that is....
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As a long term hold MMA is worthwhile. Share price could go up...
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