OTCPK:MAUXF - Post by User
Post by
tinman8on Apr 07, 2013 5:34pm
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Post# 21223545
Dramatic reversal on the fundamentals
Dramatic reversal on the fundamentalsUnfortunately the story has gone from increasing production, with a strong balance and sustinable dividend to agreat deal of uncertinty. The two things this market recoils from the most is worries over the balance sheet and uncertainty. On the plus side the oil is there but pipeline delays of growing and unknown duration coupled with debt in oil owed is very worrisome. The recent $100 million loan may help mmt muddle through but when all is said and done its more debt and a weakened balance sheet.I recently closed my holding after being in from way back when thestock was around a buck. A cut in the dividend would tempt me back in as I would have more confidence in their ability to ride out their pipeline difficulties>