Mart Resources Inc MAUXF

Chen Lin / The Energy Report

[radcat]

Trick or a treat?  Chen provides a Hell-o-ween update @ TER. 

The Energy Report Interview with Chen Lin (10/31/13) "If you look at the long-term performance, probably Mart Resources Inc. was still my best performer. I got it at $0.15. I think I told my subscribers it would become one of my largest positions. It's over a dollar now. Consider how much dividend that's paid. You get all the money back if not more. Mart is going to build its own pipeline for its Nigerian oil field because the current pipeline is poorly maintained, and the stock suffered because the pipeline loss recently was as high as 20–25%. People were concerned so much oil was stolen. However, when Mart builds its own pipeline, which the company expects to do in H1/14, then it can improve oil production and move to a much better maintained pipeline with much less loss. That will be a major catalyst.

"Again, it's a Nigerian company. A lot of people have doubts about a Nigerian company. Sometimes people need to see the pipelines built before investing in the stock. You need some patience. They're paying about $0.20/ year dividend. I just received my recent quarterly dividend. You keep getting paid while waiting. . .hopefully when the new pipeline starts, the new route from the Shell exit facility, we will see a very different company. Then Mart will triple production, so you will see much larger production, more cash flow and potential increase of dividend, which is already very high. . .2014 could be a banner year for the company, with huge cash flow coming in. The stock should be a multiple of the current price."