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Bullboard - Stock Discussion Forum Mart Resources Inc MAUXF

Energy Oil & Gas E&P

OTCPK:MAUXF - Post Discussion

Mart Resources Inc > So why are some selling?
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Post by jd43xl on Oct 10, 2014 9:33am

So why are some selling?

New sell orders are being placed in real time at $1.04. Why? Who would be selling? Are yesterday's buyers at the lows happy with a few cents of profit? Or are people just stupid?
Comment by Alphasigmaphi on Oct 10, 2014 9:36am
Absolutely no reason to buy an oil stock right now, especially one with a billion dollar deal on the table that has ZERO info available. 40ft oil sand is awesome, im just waiting for the umu east drill results.
Comment by jd43xl on Oct 10, 2014 9:42am
"Absolutely no reason to buy an oil stock right now" Maybe not your average oil stock, but with this new pipeline operational, even at $90 Brent, Mart is a cash flow machine.
Comment by Alphasigmaphi on Oct 10, 2014 9:55am
This is the worst possible time for the OML18 deal IF they completed it...... I for one would hope there is some room for renegotiation,.
Mart Resources Inc
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