Mart Resources Inc MAUXF

There will be lots of long faces today. Everywhere.

[hangemhigh4]

If you can stay in Mart and a few others pps may come back. These stocks are super battered and oversold. I still wouldnt buy untill the dust settles. Who knows where this will end. Some investors will tbrow in the towel. Imo

[gibbonsj]

I threw in the towel seconds after reading in October's update about pipeline shutdown attributed to Brass terminal being full to capacity.  Out of 11 trades over the past couple of years that was my first loss so all in all its been a very good run.

[stock_itch]

Buy now as this will turn back up before oil price does. If you wait for the dust to settle then you'll be buying MMT at .90+. It's today's fear and uncertainty that has caused this opportunity. Oil price can't go much lower then $65 as it would hurt supply as many methods of oil extraction require at least $72 to make money. It's like if gold went under $1000 it wouldn't

[gibbonsj]

fear is what drove prices to where they were, oversupply is an entirely different thing. Right now global production is 900K bpd greater than demand and that's with Iraq, Iran, Libya and Nigeria either curtailed or shut out entirely, add to that is the new supply that is growing fast. The US is not the only country that has made 100 billion barrel finds. In Australia they are just now drilling

[Obeahman]

What is very interesting about this scenario is that how Shell was able to carry out all their blockbuster deals before this "crisis". Just thinking out aloud.....