OTCPK:MAUXF - Post by User
Post by
mjh9413on Apr 15, 2013 2:42pm
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Post# 21256005
hasn't been worse
hasn't been worse They now owe over 300,000bbls (includes oil owing to Dec 31st and the potential of 13 to 27% losses when things restart) in undelivered oil; and pipeline 'losses' have doubled (no wonder the repairs are taking so long!!). OK MMT get cash for undelivered oil but that is over a month's oil they 'owe' after losses. The way denominated oil works they might never have a cash crunch but to lose 6 day's oil delivery on the gross flowing bbls is just stupid. And it might not get much better with a Shell line...