Mart Resources Inc MAUXF

The one thing that is most hated

[kaisersosze]

is bad expectations setting.  This kind of thing just can not happen and still have institutional support.  I go back to my comments from yesterday; if Wade had someone like a COO with him, how could we go this long (a whole quarter) without knowing that we're losing 20% of our oil??  Just ridiculous!!

[BlindBat_1]

is bad expectations setting.  This kind of thing just can not happen and still have institutional support.  I go back to my comments from yesterday; if Wade had someone like a COO with him, how could we go this long (a whole quarter) without knowing that we're losing 20% of our oil??  Just ridiculous!! ======================== Same old same old, nothing new here. They knew but

[kaisersosze]

I fully agree that "things happen" that are unexpected and unavoidable.  I don't think losing 20% of your oil is one of those things however, and I believe that this could/should have been avoided!

[Sugoioi]

Sure and they're working on that with the new pipeline, which doesn't seem to be a hot button transcanada or endbridge issue. In the meantime we have tax rates which are amazing and help balance moments like this.

[BlindBat_1]

I fully agree that "things happen" that are unexpected and unavoidable.  I don't think losing 20% of your oil is one of those things however, and I believe that this could/should have been avoided! ============ I for one would be interested in hearing from you, how this thing should have been avaoided when one puts 100 barrel of oil in a pipeline belonging to someone else, and

[kaisersosze]

I would demand the data on a more frequent basis.  Ideally weekly, but worse case, monthly.  That way, these types of things could get sorted out sooner.

[themangokid]

I would demand the data on a more frequent basis.  Ideally weekly, but worse case, monthly.  That way, these types of things could get sorted out sooner.   and what would you say when the pipeline operators told you to go "F yourself" or when they say "no pipeline for you!" I think its a safe assumption to believe management is smarter than any of us. 

[kaisersosze]

I think its a safe assumption to believe management is smarter than any of us.  They know how business is done in Nigeria better than any of us.  I'm sure management has done everything they could to mitigate any funny business   I disagree.  Either 1) they knew about this issue long ago and didn't inform the shareholders about it or 2) they didn't know about it

[trader3000]

Agree kaisersosze. Falls back on management. Not a happy camper today. Will be looking to reduce my holdings by half but not today. Management has some explaining to do.

[andyman6]

I am even now on the stock but up with the divi.......should have sold I guess. WIll hold for now....Buy more now? Most likely will go back up but alittle timid to pull the trigger right now.

[themangokid]

well, like you said, if management went to the pipeline operator and said "I want reports on a weekly basis" and they said "no" what would the next step be?  Mart, now, is not operating from a position of strength.  This is just a matter of fact.    if management did know about the losses then yes, I agree, they should have informed the markets. 

[kaisersosze]

Since Mart was able to get an estimate on pipeline losses during July (within a month) to help assuage shareholder anxiety somewhat, they should be willing to announce estimated pipeline losses each month in their monthly operational updates.  

[kaisersosze]

That last post was a quote from stock_peeker on iHub, and I agree 100%!!!

[rljp]

This post has been removed in accordance with Community Policy

[Roxy10]

Hi, There is no company in the world that does not disappoint sometimes. One dry hole and HRN was cut in half. HRN still a great company and going forward will do well. If you want that much saftey, don't buy oil stocks. Buy a bond. Juniors all have huge risk, and some, great reward.Large caps same, look at our Canadian institution, RIM. Myself, I am very comfortable with the way things are

[rljp]

This post has been removed in accordance with Community Policy

[themangokid]

this is a good discussion to have.  the problem is we dont know that mart was sitting on the 18% loss information.  like I said before, it wouldn't surprise me if the pipeline operator was saying everything was going just fine then hit them with a 18% loss news when it was already too late to do anything about it.    just as the pipeline operator told mart the loss for july