Well AB, whilst I posted sub 1.50 was on the cards, I certainly didn't think $1.30 was on the radar. Reading through the Weber MD preso at the AGM, it seems things are steady. I am encouraged by the vessel trading update for 2015 and the strong utilisation (many being at utilised at solide day rates locked in contractually). The supply bases are not performing as desired due to disputes and CVX using alternative means of logistics.
MRM has seemed to be under constant selling pressure for the past 12 months.
Maybe the name change announcement will do the trick!!
MRM Price at posting:
$1.34 Sentiment: None Disclosure: Held
