The Energy Report (IMHO)......Mart is giving us another GREAT buying opportunity(exactly what i will be doing very soon).....The only downfall with Mart is these freaking Jungle bunnies, they are scavenging anything they can get their hands on.....BUT.....Aside from this factor which will be rectified to a lesser degree....We have some many EXTREMELY positive catalyst to look forwars to.......2013 will be straw that breaks the camel back....Our s/p in the later part of this year should push over the $3++ in s/p........GLTA
Mart Resources Inc.
TICKER: MMT:TSX.V
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Mart Resources is an international oil and gas company focused on production and development opportunities in low-risk, high-reward proven but undeveloped oil and gas fields in Africa. The company's strategic core assets are located in Nigeria. Current production is … read more
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Expert Analysis
The Energy Report Interview with Amin Haque (3/28/13) "Mart Resources Inc. has enough cash to pay dividends and complete its 2013 development program, which is going on full swing. It recently shared some news about its 10th well, UMU-10. It also plans to drill three or four wells during the rest of 2013 so that by the time the alternative pipeline is ready, there should be enough production to take advantage of the extra pipeline capacity. So far, things seem to be going well on the development front. . .one [source of upside potential] is higher production from the current field. Second, there's the plan to drill an exploration well either on the eastern or the western flank of the current field. If it makes a discovery, that would be very encouraging. Third, with increased production, Mart would have a large cash position, which it can use to acquire new assets. We keep hearing about the next marginal field bid round in Nigeria. Mart would be in a good position to take advantage of a new bid round." More >
Chen Lin, What is Chen Buying? What is Chen Selling? (3/26/13) "Mart Resources Inc.'s pipeline is not a major issue to me. . .I said many times before, the best time to buy Mart shares in the past years has always been in time of pipeline 'crisis.' This morning, the company announced it is getting a $100M loan to accelerate the field development. I like the idea to have as much capacity as possible so when the new pipeline is built, the company will be able to get a huge production jump as well as cash flow jump. . .Mart has been one of the top three performers on my watch list in the past 2–3 years."
Amin Haque, Stonecap Securities (3/12/13) "Mart Resources Inc. provided operational updates on the production and development activities in its Umusadege field. . .an ambitious development program is underway to maximize production before availability of a new pipeline in July 2013. . .we expect production and reserves to significantly improve toward the end of 2013. . .the company should be able fund its dividend payments and a $70–$80M capex plan in 2013 through a combination of cash flow from operations and an estimated ~$55M in cash."
Chen Lin, What is Chen Buying? What is Chen Selling? (3/11/13) "Mart Resources Inc. announced more UMU 10 results; 3,076 bbl/d is not as high as some other wells but these are new zones. Most important, the company is making good progress on the new pipeline."
Garett Ursu, Cormark Securities (3/4/13) "With a strong balance sheet, $0.20 dividend and expected growth, Mart Resources Inc. should appeal to value, growth and income investors alike. . .we continue to view Mart as one of the most attractive names in our universe with material catalysts expected near term. . .and we reiterate our Top Pick rating."