Mart Resources Inc MAUXF

Looks Grim

[Ronaldo123]

WIth oil prices falling and Mart on a continous slide I don't see the SP in the .40's as unreasonable. I think the bottom for the barrel will be around $45-50 dollars, the Saudi's are well aware of their actions and will weather the storm with their deep pockets. Little guys like Mart and smaller poorly run operations will face great headwinds trying to get through this tough period of low oil prices.

Mart made some very poor decisions the last several years with the high paying dividend which has reduced cashflow. If they had paid a reasonable dividend and planned better they would have had a more stable stock price. With the frequent reductions to the divy they have put themselves in the wrath of the market which has hurt them for cutting it. Hopefully they can reduce thief greatly to increase their profits and get thru this period of depressed oil prices. If they can't get thief down and the barrel goes under $45, I dont see Mart suriving. Its not feasible at that price for them to produce and they don't have the pockets.

[Happyupper]

SP of MMT directly related to oil price. That's was my initial question. I find it strange that oil price is dropping like a stone with no end to it. Will Saudis bring it down to 30$ or lower. I think someone tried to walk on their feet and they showed them their way. Lolllll

[Ronaldo123]

If it hits $30 will see a huge fall in oil companies, even a company like Mart would than be worth pennies. The Saudi's will than once again control the oil and be exactly were they want to be as the main supplier. The Saudi's won't stop the hurt until they've made a signficant impact, which I believe we still have more to come. People who got out over $1 are laughing as others

[vestor111]

So why are you here now?   Do you really think oil is going to $30 when the Saudis said $60 was their target and their economy really need $60 or more?  

[Ronaldo123]

I am here providing an opinion like everyone else on the board, nothing more. Oils already hit under $60 today, so I don't know how true your target price of $60 will be. If you don't think oil can go any longer your not dealing with reality, as it already has and will continue to do so more.  Saudi produce for $5-6 a barrel and have almost a trillion in reserves, so I don't

[vestor111]

WTI  broke $60.  The saudis sell Brent.  MMT sells at $2 north of Brendt.  

[vestor111]

December 11 (King World News) - “However, the Saudi spokesman came out last week saying that the price of oil will settle around $60 per barrel. This is in stark contrast to what they have said in the past that $100 per barrel was the proper price.” -- Portola Notes 12-6-14 I found Portola Notes particularly interesting yesterday as crude oil nosed towards the $60 a

[dakota22]

vestor111 wroteI found Portola Notes particularly interesting yesterday as crude oil nosed towards the $60 a barrel level. I think the Saudi spokesperson's comments that, “The price of oil will settle around $60 per barrel” is timely for the same reason.  Any day now Saudi spokesperson will comment that  'the price of oil will settle around $40 per barrel' lol

[Happyupper]

When one type of oil drops every type drops.

[hangemhigh4]

Your logic is correct but it also applies to all oil companies. If too many producers dropped out you would see oil jump back up as the Saudi's cannot supply the worlds demand. A balance needs to be found. The supply-demand balance applies to all commodities not just oil. But large swings do occur when the balance is out of wack. Imo