OTCPK:MAUXF - Post by User
Comment by
AdamJTon Aug 21, 2015 5:17pm
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Post# 24041691
RE:Midwestern Oil and Gas Renegotiates Acquisition of Mart Reso
RE:Midwestern Oil and Gas Renegotiates Acquisition of Mart ResoI suspect the Midwestern team is smart enough to smell blood in the water. If it was me I would wait for a number of reasons. Time is on the side of a buyer in the oil market especially when the company is carrying a lot of debt and will face a cashflow crunch. It's a shame given this company is a future cash cow but, the market is a short term valuator. My condolences to the long investors and be careful to those thinking they are getting a good deal. Market hasn't bottomed in my opinion.