Blog: Stock Alert : O&G

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1 comment(s). Last comment by Gokula Krishnan 2016-08-02 08:38

Gokula Krishnan

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Posted by Gokula Krishnan > 2016-08-02 08:38 | Report Abuse

Perisai and Alam are in the FPSO domain, one of the most affected. To me, to survive, they should delist or merge. Lets not forget, the monster Icon offshore. If these 3 merge, you will have by far the largest FPSO and rig provider in this part of the world (not sure who else is bigger) but there is just no business. Who's going into exploration now at USD45 per barrel of oil?

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