Mart Resources Inc MAUXF

RE:Reminds me of the crash of 2008

[thedave2006]

and in all likelihood its balance sheet is stressed and having way more o/s shares too. ps. recover in oil prices when? 3, 6, 12 months. the shorter time it takes, there will be decent rebounds in many energy names...however depending on stretched balance sheet or not, high debt or not.....the longer it takes for energy prices to recover there will be some that may not exist in say within 12 months. pss. commodity cycles have been great for me since mid 90s, maybe 2-3 round trips on many names, mmt was one of them that I took 1 good trip, as well as many others taken over, but at end ofd day, can one, not me, sell fast enough when bear roars? given back lots during commodity bear markets albeit made out great too. psss. stay away from all resources with few energy names left, non resourcs way to go for many more years to come if not already.....then maybe move profits from that into commodities. cheers, dave.