Polarcus

[thomas]

Ik wou iets soortgelijk posten.
Sinds eind 2018 is de koers al een 6tal keer door 1.33 proberen gaan, zonder succes tot nog toe.
Het volume blijf vrij hoog de laatste dagen, dat is bemoedigend om er dit keer toch door te geraken..
Het goede nieuws: als we er door geraken ligt technisch gezien de weg naar 2 of zelfs >2.5 open !

[Stephan]

Ik wou iets soortgelijk posten.
Sinds eind 2018 is de koers al een 6tal keer door 1.33 proberen gaan, zonder succes tot nog toe.
Het volume blijf vrij hoog de laatste dagen, dat is bemoedigend om er dit keer toch door te geraken..
Het goede nieuws: als we er door geraken ligt technisch gezien de weg naar 2 of zelfs >2.5 open !

Mooie halfjaar grafiek, stijgende lijn, ....een doorbraak wellicht !??

[bertje]

Blijkbaar hadden ze in 3Q nog grote investeringen gedaan, maar zullen ze nu ook aan de schulden werken.

https://finance.yahoo.com/news/edited-t ... 52186.html

[bertje]

11:07 (4 minuten geleden)
Polarcus is pleased to announce that a Memorandum of Understanding has been signed with Arabian Geophysical and Surveying Company (“ARGAS”) to collaborate on seismic projects in the MENA region.

Polarcus provides global, industry-leading marine seismic acquisition capabilities and premium cloud-based Priority Processing™ services. ARGAS provides regional expertise in land, transition zone and shallow water seismic data acquisition and associated data processing. Together, Polarcus and ARGAS will work to identify marine seismic opportunities and execute projects in the MENA region.

“We are very pleased to collaborate with ARGAS in the MENA region. Leveraging the core strengths and capabilities of both parties will deliver enhanced imaging and a reduced exploration cycle to E&P companies in the region” stated Duncan Eley, Polarcus, CEO.

[thomas]

Polarcus Limited ("Polarcus" or the "Company") (PLCS.OL) announces the award of a marine seismic acquisition program in Brazil commencing in Q3 2020 with a duration of approximately 10 months. The program comprises 4D acquisition in obstructed areas with a multi-azimuth component.

Alweer goed nieuws. Zal alvast een mooie opbrengst zijn en werk tot in Q2 2021

[thomas]

Ondertussen olieprijs ook weer >60$
Ik heb een pakketje bijgekocht..

[bertje]

Blijkbaar heeft er iemand zijn koersdoel verlaagd van 1.5 NOK naar 0.30 NOK

Heb ze ook nog eens gemaild, maar niks van nieuwe info.
thanks for your email. the low oil price is not helpful for the share price of any oil service company. We unfortunately had a couple of contract terminationsbut we are working hard on reducing cost while we are rebuilding the backlog.

Best

HP

[bertje]

Polarcus COVID-19 response and 2020 cost reduction plan

31 Mar 2020

Polarcus Limited (“Polarcus” or the “Company”) (OSE: PLCS) announces enhanced business continuity measures and a USD 15 million cost reduction plan to navigate the current uncertainty facing the marine seismic acquisition market due to the combined impacts of the COVID-19 pandemic and oil price volatility. These initiatives will ensure Polarcus maintains efficient operations, in addition to strengthening the financial resilience of the Company through 2020.

Mitigating the impact of COVID-19

Polarcus’ ongoing priority is the safety, health and wellbeing of all our people, their families and the communities in which we operate.

The entire Polarcus onshore support organization has been operating its smart-working model since 16 March 2020. All onshore personnel have been working from home with seamless connectivity, full functionality and maintaining the high-quality level of support to offshore operations, clients and suppliers for which Polarcus is well-known.

Offshore, Polarcus has implemented a robust regime of health screening for all field crew prior to travelling from home, immediately before joining a vessel and thereafter at regular intervals throughout operations offshore. All Polarcus vessels carry medical teams onboard with fully equipped hospital facilities and the ability to isolate crew members if required.

Polarcus has performed a detailed COVID-19 pandemic risk assessment and has prepared a response plan, customised for each project, that is shared with clients and provides assurances for the continuity of ongoing operations.

2020 cost reduction plan

The main elements of the plan that will deliver cash savings of over USD 15 million in 2020 include:

Reducing personnel cost onshore and offshore by approximately USD 6.5 million through a combination of redundancies and a reduction in base salary for Polarcus employees for six months effective 1 April 2020. This entails a 25% reduction in base salary at senior levels and a 15% reduction applied to the remainder of the organization. In addition, the decision has been taken not to pay the 2019 annual bonus;
Reducing G&A cost by approximately USD 1.5 million as a result of anticipated lower activity levels and implementation of focused cost reduction measures across the organization; and
Reducing cash capex by approximately USD 7 million through the freezing of uncommitted expenditure.

Further cash savings are expected to be realised through warm stacking vessels in between projects and associated, disciplined reduction in offshore operating cost. This will mitigate the anticipated elevated idle time of the Polarcus fleet in the coming months.

The combination of these business continuity and cost reduction initiatives provides a robust framework for Polarcus to navigate the current uncertainty and to position the Company to capture an increased level of activity going in to 2021.

[bertje]

gisteren besparingsplan en vandaag mooi nieuw contract en toch zakken we??

Polarcus Limited ("Polarcus" or the "Company") (PLCS.OL) announces the award of an XArray™ 3D marine seismic acquisition project in North West Europe commencing in Q2 2020 with a duration of approximately 3 months.

[tsuretie]

gisteren besparingsplan en vandaag mooi nieuw contract en toch zakken we??

Polarcus Limited ("Polarcus" or the "Company") (PLCS.OL) announces the award of an XArray™ 3D marine seismic acquisition project in North West Europe commencing in Q2 2020 with a duration of approximately 3 months.

Ik ben ingestapt op 1 april.
Ondertussen toch al + 29 %.
Je hoort mij dus niet klagen.