In hindsight I should have seen this coming and some people will claim to be smarter, saw this coming etc bla bla bla, They are probably right! Bottom picking is hard, picking solid companies is not.
We are probably 6 months away from the bottom as far as oil companies go, OPEC have held this down for a while, Capex has been massively reduced globally. Once the capped wells are used up and the supply side gets squeezed POO goes up. This will happen in the next 12 to 24 months.
MRM looks capable of surviving, wont break any records in 2016, will start to look better in 2017 and beyond.
Hold if you are happy to park your money, top up at these prices if you are keen, sell if you need the money now!
In hindsight I should have seen this coming and some people will...
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Last
$2.56 |
Change
-0.080(3.03%) |
Mkt cap ! $970.2M | |||
| Open | High | Low | Value | Volume |
| $2.62 | $2.63 | $2.52 | $37.73M | 14.70M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 76192 | $2.56 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.57 | 214459 | 5 |
View Market Depth
| Last trade - 16.10pm 27/06/2024 (20 minute delay) ? |
| MRM (ASX) Chart |