MRM 0.00% $2.69 mma offshore limited

What will dominate?

  1. 72 Posts.
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    Thinking aloud here but what do you think will dominate the industry for the next 1-2 years?
    Oil majors capex discipline given poor shareholder outcomes in the past decade combined with new ESG and legal risks (Exxon and Shell rulings)
    Offshore wind pivot which could be a "tailwind" for the business at some point
    Continuing Covid and geopolitical risks (Mozambique, South America more broadly, SE Asia Covid cases)

    Feels to me like it could be a tough 6 months or so and then finally some cause for optimism thereafter as the cumulative under-investment catches up with the oil industry and then at some point the OSV/PSV industry. Good that MRM balance sheet is looking a bit more positive (as long as earnings have really stabilised), means the company will probably still be around when the market does finally tighten.
 
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Currently unlisted public company.

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