With the announcement of a further 60 million dollar win from WOODSIDE
With the announcement of a FID from SHELL on PRELUDE
Wirh 3 other big projects ready to be sanctioned with a FID - namely
Woodside's Pluto 2 Project
Chevron's Wheastone Project
Inpex's Ichthys Project
in the second half on calender 2011
With two other projects to be given sanction status in 2012 - namely
East Timor Sunrise Project
Browse Hub Project
With all these projects getting the go ahead in the next 18 months
With the value of work on these projects values close to 150 Billion Dollars
With other "small" jobs that Mermaid Marine Australia will receive
With it being the number one supply base and marine service provider to the offshore oil and gas sector in Australia
I can say the following
Every new large project that is sanctioned will add another $1 to the share price of Mermaid Marine Australia. If you do the maths $3 plus $3 equals $6 (this assumes that 3 projects will be sanctioned this calender year).
So why has the share price gone backwards from a high of $3.45 reached a month ago. Why has the share price stagnated at the $3.00 mark for the last 2 years. My calculation had it at $5.00 by the end of this financial year. Three weeks from now. Funny how the number 3 keeps on popping up
The sanction of PRELUDE should have sent the share price soaring
It does not take an Einstein to see the this company is way undervalued
BTW what relationship does Mermaid Marine has with the major players off the coast of Western Australia
To check the answer to this question you will have to do your own research. I however will give you a hint. There is not one major player in the oil and gas industry in Australia that is not doing business with Mermaid Marine
- Forums
- ASX - By Stock
- mermaid marine will get a speeding ticket from
With the announcement of a further 60 million dollar win from...
-
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)