Sembcorp Marine Ltd (SGX: S51), or SMM, is still reeling from the oil price crash in 2020 and the effects of the pandemic. The oil rig specialist had announced its second rights issue in as many years last August as it sought to shore up its balance sheet. The group recently released its fiscal 2021 (FY2021) earnings and it wasn’t a pretty picture. SMM reported a S$1.2 billion net loss, double of what it incurred in FY2020. At the same time, news of a potential sanction on Russian crude oil has pushed oil prices briefly past US$130 per barrel. Analysts from Bank of America estimated that the world may face a shortfall of five million barrels if this happens. As a result, oil prices could then soar to US$200 per barrel, a level unseen thus far, analysts said. Amid this development, could SMM see better days ahead? A combination of challenges...