OTCPK:MAUXF - Post by User
Post by
gibbonsjon Jul 24, 2014 6:55pm
540 Views
Post# 22780196
I've had my finger on the buy button for a couple of weeks
I've had my finger on the buy button for a couple of weeksbut since the OML 18 deal has been announced, the deposit has been set aside and Shell has given the date of June 30th to prove up financing, it would seem some sort of update is over due. I don't see how an "all is well" sort of update would violate confidentiality undertakings which leads me to think there must be another, possibly unpleasant reason for the dome of silence. Having said that, I am left to think there is something on the near horizon that may cause sp to fall. Not that I think it will not recover but I sense there is a better price to be had but after the dust clears from the financing in whatever form it may come Mart will be a much bigger player. If they can hang on to Umusadege and the financing is shareholder friendly sp could head sharply north and stay on that trajectory. I recall Laredo Pet selling all their Anadarko Basin holdings to focus on a much bigger play in the Permian so we cannot rule anything out.