OTCPK:MAUXF - Post by User
Post by
jd43xlon Sep 16, 2014 8:48am
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Post# 22939219
FirstEnergy presentation
FirstEnergy presentation
Some points Wade made;
They will not be using the old pipeline unless the Shell line goes down, so production will be limited to the Umugini capacity.
The dividend will not be raised with higher production, and could actually be cut if they need the money for other uses, including drilling.
He did not mention the fact that royalties will be going up a lot with the higher level of production. That will cut into the netbacks
It is good to hear that the Umugini pipeline may start up this month, but no indication when full utilization will occur.
All things considered, a positive presentation. But really, nothing new whatsoever. I wouldn't be surprised to see a selloff today, as MMT always seems to do after one of Wade's "talks".