Mart Resources Inc MAUXF

RE:Loss of oil

[gibbonsj]

I don't think it can be attributed to a single issue like "oil loss" but rather the whole political situation including piracy which now surpasses Somalia in cost and frequency. There is no certainty about anything in Nigeria. For example the Delta itself is ranked in the top ten most polluted places in the world. To MMT's credit they have a good record but downstream mishaps reflect on all operators. The sell off of late may have been as much attributed to large holders distancing themselves from all of the above as it is  to pipeline losses.