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Mart Resources Inc MAUXF



OTCPK:MAUXF - Post by User

Comment by pistolpete96on May 02, 2013 11:43am
285 Views
Post# 21329599

RE: RE: RE: RE: New Pipeline Capacity

RE: RE: RE: RE: New Pipeline Capacity

Hi Bob- Great response, as usual.  Altho I hear you about investors liking certainty, a case can be made that with the dividend policy that was begun last summer, some level of certainty was built into the stock price, as dividend paying stocks tend to be less volatile, no?  Additionally, if Mart is indeed being paid for nominated-but-not-yet-delivered oil, that also lends an air of certainty to their cash flow, and by extension, the dividend.  With the new pipe coming online sometime late this year, they will easily have the capacity to pay back AGIP for the nominated oil, while leaving 15,000+bod flowing into the coffers.  If an investor buys in to any of this story, I don't see why the stock keeps selling off at these levels with a dividend yield of almost 14%.  Yeah, Nigeria is difficult, but it was difficult when the stock was over 2 bucks, too.  IMO, if you buy into this story, this lull in price based upon crude weakness, Nigeria issues, sector rotation, sell-in-May mentality, or whatever- all provide a great opportunity.  I would think that smart investors would see this now, rather than waiting until the pipeline is done, but obviously they don't.

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