Keith Shaeffer Just put out a sizable report on mart.Timely given todays news since he has been promising it for a while.He wasn't as negative as I expected.Actually I would say neutral.Not gonna bail but expecting a lower open.Not gonna buy if it dips either.I'm certainly not looking forward to that first glimpse of the screen after bad news that we all have to bear more often than we like a resource investors.
As I said in some previous posts,I was getting a bit nervous that this was getting touted as a no-brainer and could do no wrong going forward.That's usually right when you get a shock.Of course there are exceptions and that is what keeps us long.Not giving up on mart but I think this has added a long time to the ascent we were all feeling was just around the corner.Without pipeline or spectacular drilling news,I think we are dead money,afetr likely loosing money tomorrow.Hope I'm wrong but the feeling seems pretty unanimus which means fingers on the sell buttons.
BTW,Shaeffer feels that the pipeline deal is much more of a potential catalyst than good drill results.Both good but if you can't move the stuff,and safely I might add,no matter how much you have you ain't making cash.Of course he is not alone on that point.
Oh well,the great humiliator strikes again.Just when i was getting cocky again.Coincidence?I think not.
GL