OTCPK:MAUXF - Post by User
Comment by
gibbonsjon Mar 17, 2014 4:36pm
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Post# 22333177
RE:Line shut down
RE:Line shut down there's no guarantee that this update will be positive. It could go either way. If you have been trading or holding this stock as long as many of us have you will know exactly what I'm talking about. I doubt very much that line loss will be any different this time. I'm thinking the only adjustment to come may be to the issue surrounding dewatering which breaks down to a max of 5% of total pipeline loss of which MMT's share of the adjustment will be prorated to its share of total lift. Say 2-3%. Pipeline loss could even bounce back up to 30% which if you recall was the number reported at a time when the market was expecting something really positive just like we are expecting now. After that many of us picked up shares at and just under $1. What about that Shell deal? It must have come off the rails or it would have been announced long ago. Now Zeus posted here last week that Shell negotiated a fixed 8% line loss with its existing producers. Maybe that's the hold up with closing Shell. Shell's actual line loss number is 16%, why would they agree to 8% with MMT?