OTCPK:MAUXF - Post by User
Comment by
zeus55on Oct 17, 2013 10:59pm
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Post# 21825977
RE:Chen Lin / The Energy Report
RE:Chen Lin / The Energy Report"Some investors didn't like the 20–25% loss"
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He had better check his figures, as the losses were up to 30%
May was 25%, June 30%, and July 26%
August was better at 18.3%, but at the same time losses for Jan were "revised" up to 22.6%, and Feb to 22.9%. So did they really drop Aug losses, or simply transfer them to previous months?
But, as long as Mart keeps pumping oil, there will be enough cash for the dividend, especially with the decrease in capex due to delayed drilling. No sense drilling new wells if you have no way of getting the oil to market.