RE: News??? I'm long Mart. I have bought 3 times my origianl position and sold others to get in at these prices. Nigeria has a theft problem that's obvious. Do you really think it will last forever? The oil is there... I understand how it happens, but the panic is overdone IMO. If mart is not for you why are you here? There is another problem here at SH. It's an information problem. Not everyone spends the time to do their own DD.
One of many examles.. When another news source posts old news it is being assumed it is current news aka breaking breaking news. If you are making decisions because a headline and not reading that's on you. If you reacting b/c a headline and not digging a little deeper, that's on you. Too many chicken littles.
Pipeline is shut down and most know now that we are getting paid even though we don't produce. Is this a big deal? Not really. This is a temporary problem and a good opportunity "if" you are educated and have a better understanding of what is going on rather than panic and use random BB posts from someone you don't know as your means of education and information.
The reason I am long and okay EVEN IF we slide sub $1 is the reservoir. Do you know how big it is? Me either. Do you know that every time they have stepped out it gets bigger? Do you know the next door neighbor and what they have found? I do.
I am not without emotion and I get nervous because every penny is a 4 digit swing for me, but I am calmed knowing what they have in the ground. You gotta ask yourself who will win this fight. If you think bunkering is going to get worse then get out. If you think it will get better and long term oil prices are not going to fall out then this is what it is... an opportunity with some of the best onshore #'s I have seen.
I'm not telling anyone to buy a single share, but I question the motive of people that are posting without being invested. Unfortunately on public boards you get all kinds. I prefer the people invested in Mart that participated in the charity for hitting $2.00.
I will also admit Mart is a great stock to trade and a pretty easy one to pick your positions. After Jan. 2013 I'm invested and use a small % of my position to trade b/c capital gains. I think April 2014 will be an interesting time to be a shareholder and if it takes April 2015, fine by me. GL2AL and the rest of you. Buckle up b/c this turbulence is going to be here a little longer. Pick your spots.
DM