RE: RE: RE: New Pipeline Capacity Uncertainty is a negative for stocks. Investors like certainty. Mart has had their only pipeline disrupted twice in the past two qtrs. Pipeline was supposed to be done in June according to CEO speech. Isn't going to happen in June and may not happen until late 2013. Agreements have not been reached with villages along pipeline route.
And you are asking why investors aren't piling in?
We are truly lucky that Mart has long term holders. The valuation is compelling enough to hold prices reasonably high in spite of all the recent issues.
When we start publishing results of a new pipeline showing dramatically increased production, the market will respond. Until then, it's talk. This is no different than any other stock. Energy stocks have had a hard time recently. Oil is down in price. What do you expect?
Talk to me in January of next year. If the stock is still around C$1.50, Mart may have big problems. Until then, wait for the event to happen. We need that pipeline completed before the market is going to do anything positive with the stock.