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$2.69 mma offshore limited

All in time sticky101, all in time. May or may not be as soon as...

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yanksrule64

115 Posts.

14/05/15

16:33

Post #: 15281120
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Originally posted by sticky101 ↑

Thanks for the article yanksrule.

There's investment in offshore in other parts of the world too:

UAE - spending $25billion in the next 5 years (http://www.reuters.com/article/2015/04/21/us-emirates-abudhabi-oil-idUSKBN0NC0O720150421)

Myanmar - potential for the future (http://oilprice.com/Latest-Energy-News/World-News/Myanmar-The-Next-Frontier-For-Offshore-Oil.html)

Mozambique - total of $12 billion in offshore development (http://articles.economictimes.india...103185_1_golfinho-oil-india-ltd-rovuma-area-1)

Regardless of location, any increase in offshore activity is positive for MMA as it increases the general demand for OSVs.

Note that I've read of number of projects being shelved as a result of the falling oil price - hopefully with the recent recovery they'll be viable.

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All in time sticky101, all in time. May or may not be as soon as we would like but I am still a believer in MMA and still a buyer. Don't usually add to a red holding but I joined the MMA game late(mid to upper .60's initial buy in and averaging down daily)and for a fairly substantial holding, my losses are small. We'll get there!!

MRM Price at posting: 59.0¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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