RE: RE:RE: Some selling today. yes at todays prices it is paying about a 15% dividend in total annually. Very nice indeed.
then there is the increasing production from possibly more AGIP piepline coming their way and the expanding production next year from the new pipeline.
the incrreased reserves we will see from UMU10 and UMU-11 will be nice as well this year.
The increase in behind the pipe production capacity from UMU-10, UMU-11 and the horizontal pipes they will put in next year will also at upward pressure.
When Nigeria gets around to awarding more marginal fields, Mart should be at the head of the line to have their pick of partners / fields.
Listing on the TSX and Londoon exchanges later this year won't hurt either.
It's really just a waiting game. That's why the market timers are selling today, so they can come back when they think the next upward move starts.
I wonder when some more analysts will write up Mart. It hard to keep a company paying a 15% divy with very good chances of doubling or tripling their production in a year a secret.
JFF7