SEAMAC OR MERCATOR LINE WHICH ONE IS BETTER BUY

pknjoy's picture

 #

Technically speaking Mercator line stock is looking better in terms of a possible breakout.

http://www.google.com/finance?chdnp=1&chdd=1&chds=1&chdv=1&chvs=maximize...

fundamentaly I like Seamec due to its presence in MSV . It provides services for deep sea pipe repair, subsea construction and related activities. As demand for oil and gas increasing there is more demand for undersea cable and pipe repairs and construction for new pipelines to transport oil and gas ouput.

Now the real deal is how well the company is able to place its vessel on long term contracts. Pricing are improving in this sector after rebound in oil prices.

Seamac is also consolidating in tight range and upside breakout is possible. Good for trading 1-2 month range.

 

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