OTCPK:MAUXF - Post by User
Comment by
righand2on Apr 05, 2015 9:21pm
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Post# 23599119
RE:RE:RE:Why Mart will sell for 80 cents
RE:RE:RE:Why Mart will sell for 80 centsmouserman wrote: It was bad timing for MMT , investing in OML 18 just as oil prices were dropping. Most didnt expect it to go this low, but some astute hedging would have guaranted a profit margin . The CEO and BOD dropped the ball here.
A lot of production from OML 18 is hedged. If you are referring to Umusadege oil being unhedged, that is the responsibility of Midwestern, not Mart. Get your facts straight.