Fallout from Russian sanctions and meltdown in the oil markets have created an almost perfect storm for many companies in the Oil & Gas Support Services industry particularly those involved in the exploration process; Schlumberger, the sector giant, has cut 20k jobs from its payroll in this area. Thalassa has not been exempt from these impacts and its valuation has taken a significant pounding. However there is a point when even a falling knife rests on the ground and Thalassa’s val
24 Apr 2015
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Thalassa Holdings Ltd (THAL:LON) | 24.5 0 0.0% | Mkt Cap: 1.95m
- Published:
24 Apr 2015 -
Author:
William Lynne -
Pages:
7
Fallout from Russian sanctions and meltdown in the oil markets have created an almost perfect storm for many companies in the Oil & Gas Support Services industry particularly those involved in the exploration process; Schlumberger, the sector giant, has cut 20k jobs from its payroll in this area. Thalassa has not been exempt from these impacts and its valuation has taken a significant pounding. However there is a point when even a falling knife rests on the ground and Thalassa’s val