RE: Good Small Cap Oil Article The risk part (in this case) really gets me. How many wells do they have? How long have they been there? Are they drilling more? Is there production capability increasing? How is their agreement set up to make money? Is there opportunity for more? Etc Etc
Anyone who mentions the Nigeria risk with this company is just playing a media card. It is, and has been for many years, a game overseas in the oil business. Everything is a risk.
Dividend. No debt. Cash. Long term producing wells (limited by production capability...almost funny...but please add). Oh...long term producing HUGE wellls. New zones (WHAT!!!). Top $ crude. Look at their daily production....fooooorrrrget about it.
I am still searching for the paperwork for my options at 15 cents...too late?
The news with UMU10 zones will be very exciting.
Someone posted a link of the top 10 "small-cap oil stocks that had production and stock price increase in the past one year"...
I checked out the company ranked 1st (based on above). 60 cents with a little over a million in cash who produced about 418 boe/d in the 1st quarter (smaller market cap). The more I research the more I am blown away by what Mart has been fortunate enough to become.
Newbie here just rambling but this company truly has doors opening in front of it. Rat race no mas.
T