31-07-2015, 09:03 AM
This time round the sharp and drastic fall in oil price has hit the entire offshore oil & gas sector like a bolt of lightning, hurting it with a devastating impact. It is likely that only solid companies - with proven products/services, diversified revenue streams, conservative balance sheets, and more importantly, a competent/driven/prudent management - will survive, and some may even come out the storm stronger, by taking advantage of any good opportunities that may emerge. Can we count Penguin as one of them?