Mart Resources Inc MAUXF

RE: RE: wow, down she goes ???

[joelou]

oil prices down??? where have you been lately ... they are getting crushed .... now, i expect maybe a little rally in the oil market ... i see distillate demand has increased roughly 13% from last year which should start pulling on the crude supplies going forward ... (refineries were at 87% capacity.. thought that was a little high as they usually start winding down a bit to mid 80s at this time of the year)  as for mart ... we must remember they operate in nigeria and investors usually pull money off the table they consider risky asset plays ... however, with that being said ... it does create opportunity to buy shares cheap if you are patient ... depends on your risk management of funds ... i believe once mart confirms rigs have been moved off the qua and on to umu you should see prices move up ... Q1 results next week ... don't be surprised if they come out on May 31 (monday) ... as for Gorman ... i heard he just couldn't commit to the company as much as mart wanted (i think due to health issues) ... he will be replaced by a financial guy who will oversee their New York investment with Mart ...cheers ... joelou