At what price do those invested here think this is worth adding to their positions? I'm not currently invested here (but almost bought at 200p a while back!) So I'm looking for a safe entry price on the assumption that oil will eventually recover, and that this firm's quality products will be valued when that happens. If I could get in at 25p, I think Thalassa would absolutely be worth the punt...
Please note that Thalassa is an oil & gas service company. When the oil price falls the ranking of companies to have contracts cut by E&P Operators will be: 1) geophysical service companies (offshore first then onshore) 2) drilling rig contractors (deep-water, mid-water, jack-up then onshore in that order) 3) supply & logistics services companies 4) production services
On oil price falls, E&P operating companies can, and do, react quite quickly. They don't, necessarily, wait to "take a view". The oil price has now, in my view, entered a down cycle. Caveat Emptor!
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