With a depressed oil & gas market and COVID recently impacting operations, MCE is targeting more stable recurring revenue and an exposure to brownfield sites. The outcome of a broad independent review is due by November and will help inform strategy options and their execution. Cash provides breathing space, however a HOLD call remains appropriate given current uncertainty and pending the outcome of the strategic review.
To access the full report please log in under the Client Area at the bottom of this page.
Argonaut’s Client Area allows you to view delayed share prices, access Argonaut’s wealth of Research as well as create custom portfolios and set up company watch lists.
If you would like to access our research please contact us to create an account.