There is plenty of action in the oil and gas services sector at the moment. Neptune Marine is being touted as a private equity target; and Mermaid Marine announced on Tuesday that it had been awarded a three-year/$80 million contract by Chevron in relation to the Gorgon project.

Meanwhile, the share price of Matrix Composites & Engineering is powering along, having increased roughly threefold since listing on the ASX in November 2009. The company performed well in 2009-10, outperforming prospectus and analysts forecasts.