OTCPK:MAUXF - Post by User
Comment by
AdamJTon Jan 08, 2015 3:08pm
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Post# 23299381
RE:RE:Well show me any oil stocks that havent dropped 50%.
RE:RE:Well show me any oil stocks that havent dropped 50%.Lol. Waiting to buy back in for another trade? Thing is these prices are getting pretty close to what it costs OPEC to produce. Now they can outlast the North American producers for a number of reasons. Also, I don't see a reason to cute Q4 dividend given their cash position at the end of Q3. Right now it's a show me stock once again on production. If production doesn't ramp up in Q1 2015 towards doubling production then I would be questioning the dividend. To cut the dividend right now makes no sense what so ever and if things are as dire as you and all the others claim then $3.6 million won't make a difference to them financially.