RE: mayfair -eternal optimist16 Jan 2015 14:10
Fair point bopd, but a little to simplistic for my liking, unless we all live by the code of doom and gloom. One division of SEA which creates 80% of revenue: namely R2S Visual Asset Management technology achieved record turnover in the third quarter of 2014 with a and there is a strong order book for first half of 2015. Now this technology is now just oil specific it potential is greater and SEA are looking at moving into new markets e.g. nuclear and thermal power generation, refineries, gas terminal and commercial shipping etc.
This coupled with the announcement that SEA will be moving into trading profit at the year end, driven by the continued growth of R2S and the consulting and marine business does make me an optimist.
I cannot agree with your statement that oil companies only 'CUT', They will invest in technology that have a RTO and can produce cost saving for them. I hope you will revisit this site again end of March when final accounts are published to see whether we are closer to your 15p predication or my 45p predication .
Good luck in your investments.