Mart Resources Inc MAUXF

Trading by appointment

[pistolpete96]

So we're back to pitiful volume.  Market certainly not too excited that we are up and pumping crude again.  We will have a new pipeline in service in another 5 months that will allow us to pump 30,000 bpd, we have a reserve report which says we have over 50 mill bbls of 2P's, and the stock yields almost 13%, yet it is trading where it was last July?  Talk about a tough crowd.

[stockpeeker]

The "tough crowd" has no assurance that Agip will keep their pipeline running with losses that are acceptable to Mart and others that use their pipeline.  They also have no assurance that the new pipeline can be completed with an approved crude handling agreement this year.  They are probably concerned that UMU-11 has not spud, and that the horizontal(s) and vertical

[freedom-1970]

Strange day of trading, heard today talk of invading Syria. Oil goes up but mart drops! Weird...>

[powdog]

Tough to work your way through all the gyrations of a stock market that is very jittery.  Pipeline shutins have not been helpful to Mart but at the end of the day the oil and gas reserves drive your base value for this company.  The upside is additional reserves which will be added with future drilling.  The reserves evaluations take into account Capex and pioneer status royalty