OTCPK:MAUXF - Post by User
Comment by
radcaton Jan 09, 2015 8:18am
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Post# 23301291
RE:RE:RE:RE:RE:Well show me any oil stocks that havent dropped 50%.
RE:RE:RE:RE:RE:Well show me any oil stocks that havent dropped 50%.Another thing that will help ease the pain is getting the OML-18 deal approved. Remember, they have our money which we are financing, we do not have their production and cashflow to bank just yet. Once this deal goes down, the divi going forward will be in the bag, and possibly increased.
Eventually, the weaker OPEC members as well as Russia will cry Uncle and production will be cut. Their stupidity is to their own detriment which they will come to realise this sooner than later. The worst is over IMHO. Time to strap on our brass balls and buy our favourite energy cos. at a substantial discount. As my fellow Canadians know, there are still some good Boxing Day deals to be had. Especially in the E&P space.