Post by
4fun on Jun 17, 2014 3:48pm
The glass is still half full
Look at the positive side! They have confirmed the purchase of an another producing asset - which we know is very signifigant, the pipeline has been completed and now testing (we will be producing 20,000 bopd in August), added a horizontal well at 6,000 BOPD this fall and possibly a second horizontal well by year end for an additional 6,000 bring our exit rate to 32,000 BOPD. Not bad for a half full glass.
Of course this is disastrous for me personnally as the dividend pays my retirement income. Luckly, I have this quarters dividend cash set aside. Hopefully they will re-instate the dividend in Oct and try to make up the 5 cents by year end.
I would advise ALL stock holders to change their votes AGAINST the stock option plan!
Comment by
farco on Jun 17, 2014 3:52pm
Yeah they just take some precaution instead to be hot heads and blow all their, and so our, cash. I count also on the divi, I don't hold MMT for nothing, but for now it's not the end of the world as long as they figure out fast their needs... MMT is back in the $1.4x now