OTCPK:MAUXF - Post by User
Comment by
Swing4theFenceon Jun 20, 2012 11:00pm
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Post# 20037438
RE: RE: Nice day again.
RE: RE: Nice day again. How concerned are you guys about the price of Crude? Hovering around $80 US.
Not that concerned.... yet. It hurts investor preception which is more of the issue than actually affecting the fundamentals of the company. Mart gets the Bonny light premium I believe which is still $94US according to Bloomberg. With the drop in price, netbacks have been reduced by $20-$30 over the last couple of months which impacts the cashflow numbers. However with Mart producing as much as they are the cash continues to roll in on a grand scale. If oil gets down to $60 or lower - definitely it will be more of a concern.