Gulf Marine Services Share Discussion Threads

[rufio90210] 09/1/2015 10:56

the naked trader Robbie Burns thoughts on GMS :

GMS has pulled back all the way to a quid and that looks like any bad news is in the price so I have bought some back. Looks well oversold and any half decent statement would see them rocket. I would guess it could rise 20% one morning when you least expect it.

[macarre] 08/1/2015 22:28

And share price tested 98p yet again. Reluctant to drop beyond this level.

[fangorn2] 08/1/2015 19:41

@web,

Cheers matey.

I missed the closing out then...bought recently at 100p for LTBH porty - hoping for a Kentzesque outcome.More a steady recovery expected than the former.

Thanks for coming back to me.

[webpax] 08/1/2015 17:43

Fangorn2, he was in but then sold out at a loss once the oil price slump started to hit home. Now says he is back in...

[fangorn2] 08/1/2015 16:41

@Webpax,

Bought back in? Thought he'd been in a while - cant say I follow Spreadbet mag so might have missed the last update where he said he'd sold out. You have a link to his blog please.

[webpax] 08/1/2015 16:07

Naked Trader has bought back in here according to his blog post today. He's usually pretty astute re timing.

[lennonsalive] 07/1/2015 08:25

Looks like the bottom

[macarre] 05/1/2015 09:30

Topped up.

[macarre] 02/1/2015 22:22

Good rise today. Like the chart - share price seems to have broken through the MA20 curve, with 98p providing strong support. Very tempted to top up on Monday.

[stardrops2] 18/12/2014 18:10

been a watcher for a while almost bought in before oil started tanking like many others waiting for the bottom i would be happy around 90p

[mrmark01] 10/12/2014 21:50

sold out at 99p - looking to buy back in at some point. will keep an eye on this one.

[wipo1] 09/12/2014 12:45

Hybrasil You're Brave, good luck, I am waiting to see a bottom on the chart forming.

[macarre] 09/12/2014 12:44

Hybrasil - no worries. Your investment will pay off soon. Looking to top up at the earliest opportunity.

[hybrasil] 09/12/2014 12:41

How stupid I am. I had said post 241 ( I think) that I was a buyer at £1.00.

I liked this mornings news so much that I bought 17k at £1.045 average.

Should have waited!

[macarre] 09/12/2014 07:29

Gulf Marine Services (LSE:GMS), the leading provider of advanced self-propelled self-elevating support vessels (SESV) serving the offshore oil, gas and renewable energy sectors, is pleased to announce the first contract award for its new Mid-Size Class vessel GMS Shamal.

The vessel, which is the first of its kind in the world, is currently being built at GMS' quayside facility in Abu Dhabi and is on schedule to be completed in Q2 2015 when it will proceed directly to its first charter for a national oil company in the MENA region. The contract is for five years (two years firm with three one-year options). GMS Shamal will be supporting well service work, with the day rate in line with that previously indicated for the region for this class of vessel.

This SESV is not only a new design, being the first self-propelled SESV of this Mid-Size Class to be built by GMS, it has also been adapted to suit the client's specific needs as a specialised well intervention unit. The bespoke modifications include the supply and installation of pumping equipment and gas lines, the enlargement of the onboard brine capacity and the optimisation of the crane configuration. In common with other SESVs in the GMS fleet, the vessel is capable of high deck loads and has been fitted with a multi-move, robust jacking system combined with DP II manoeuvring to ensure rapid, frequent and safe movement between offshore wellheads.



Duncan Anderson, Chief Executive Officer of GMS, said:


"The signing of this first charter well ahead of GMS Shamal's build completion demonstrates the continued high demand for our vessels and highlights the value of our cost-effective solutions as our core, opex-focused oil and gas clients seek to extract maximum value from their offshore assets, which is increasingly relevant in the current oil price environment.

"GMS has been at the forefront of self-propelled SESV design since the 1980s. A key factor in our client's decision to charter GMS Shamal was our ability, through our integrated engineering and construction process, to make modifications during the build process without these affecting the price or delivery schedule. Through collaboration with our client, we have developed an SESV that will ensure optimum efficiency and minimum non-productive time during our client's operations, while maintaining the flexible multi-role design as part of our core strategy for high utilisation."


The Group's entire fleet of SESVs is currently chartered, supporting brownfield oil and gas recovery, well services and maintenance work in the MENA region and in North West Europe.

[kito691] 08/12/2014 16:56

This sell of seems relentless

[macarre] 03/12/2014 18:05

Looking at the order book today feels like the share price could hover around the 102 - 110 mark for the next few days. Don't think we are out of the woods yet, but the panic that took over oil/oil services in the last few sessions is no longer here.

[mth11] 03/12/2014 14:00

sorry, no relevance a faux pas on my part, wrong site. Happy Christmas to all.

[kito691] 03/12/2014 13:21

Struggling to find the relevance to gulf marine and see share !!!!

[mth11] 03/12/2014 12:18

i'm loving SEE nice little tuck away imo

[toyin] 03/12/2014 07:29

Nobody,so if your sticking to oil majors GMS isn't for you. Just trying to work out how your post helps anybody.

[wipo1] 02/12/2014 18:27

I would stick to the oil majors, not enougn price data on this stock to know where the bottom could be 100p or could be 80p, who knows

[shakeypremis] 02/12/2014 16:30

Almost all other oil services companies up quite significantly today. I would not be surprised to see a bounce here tomorrow, depending on what world oil prices do of course.

[hybrasil] 02/12/2014 10:48

I simply suspect there will be less work. However I am only 4% from my buy price so I believe I will be a shareholder very shortly

[shakeypremis] 01/12/2014 22:46

I guess investors must be assuming there is going to be a production cut by some smaller oil companies who cannot produce oil profitably at these prices. But that hasn't happened yet.