OTCPK:MAUXF - Post by User
Comment by
radcaton Jan 08, 2015 1:13pm
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Post# 23298763
RE:RE:RE:Well show me any oil stocks that havent dropped 50%.
RE:RE:RE:Well show me any oil stocks that havent dropped 50%.I will go out on a limb and say Mart will pay the dividend. A 1 cent it divi will only cost a tad over 3.5 million. Since production has doubled to 23,000 bopd, possibly more by now, management realizes cancelling the dividend would set a very bad prescedent. Especially since it was only implemented a couple of years ago. The dividend would cost approximately 7 days cashflow (net Mart) which is doable even at lower energy prices. Now factor in the ENI line losses and Brass River Terminal pilfering.... Should AGIP's snatch & grab come in on the low side, a dividend payment would become easier to do. Much easier still If umu-13 flow rates are really good and can be added into Umugini in the very near future? The cheque (check) is in the mail? I think so.