The RSPT - resource super proft tax will not affect the earnings or growth of Mermaid Marine Australia. As the company is a service provider to the oil and gas industry it will continue to expand its niche in this market
The PRRT - petroleum resource rent tax has been around for over 25 years. The RSPT will only affect oil and gas companies if they have prospects onshore.
This being the case, Mermaid Marine's work load could increase substantially to its already frenetic pace, as the oil and gas Exploration and Drilling companies turn their priorities to offshore, rather than onshore fields
As always the above comments should not be construed as investment advice
MRM Price at posting:
$2.57 Sentiment: LT Buy Disclosure: Held
