Mart Resources Inc MAUXF

Well show me any oil stocks that havent dropped 50%.

[hangemhigh4]

Don't just single out Mart. Look at SGY.......AOI.....And many others. At least they are still increasing production so when oil does move back up abit they will benefit. imo

[righand2]

MMT has dropped close to 75%

[Ronaldo123]

It's great their producing more, but if oil keeps dropping it won't be feasible for them to produce. It's creeping very close to their cost and when they announce the cut of the dividends we should see a greater fall in SP. The Saudi's are testing the market and only the strong will survive. I don't think Mart is on life support yet, but if it gets any uglier it may be. 

[halapeno11]

Does anyone think that cutting the Q4 2014 dividend isn't already reflected in the share price at this point? Many oil companies cutting back or eliminating dividends until the oil price storm is over or stabilizes - need to preserve capital in uncertain conditions.

[radcat]

I will go out on a limb and say Mart will pay the dividend. A 1 cent it divi will only cost a tad over 3.5 million. Since production has doubled to 23,000 bopd, possibly more by now, management realizes cancelling the dividend would set a very bad prescedent. Especially since it was only implemented a couple of years ago. The dividend would cost approximately 7 days cashflow (net Mart) which is

[guyf1963]

Radcat, I think that you are correct on the divi. Also, when the drip program was created in november i am sure that wade knew that crude would fall to these levels

[radcat]

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

[gibbonsj]

Based on Wade's past response to severe sp pressure there is reason to think the divi will be continued and perhaps even increased especially if he feels the period we are in will be a long and protracted one.  One cannot put the fracking technology at the root of the problem back in the box so I don't see any relief on the near or far horizons. It becomes simply a matter of

[righand2]

gibbons, you are such a pathetic clown, it isn't even funny any longer.

[AdamJT]

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