Wednesday, August 20, 2014

Mart Resources earnings and new presentation


Mart Resources just reported earnings for Q2 and the first six months of 2014 along with updating shareholders on their operations in Nigeria. The main item that I took from the recent presentation is that they state the new pipeline will be online by the end of August. You may recall this is the main reason that I am back in this company after selling my stake over two years ago. The new pipeline will facilitate at least a 100% increase in production and cut down massively on pipeline losses that the company has been experiencing. Increased production will lead to greater cashflows and a higher share price at least in theory. I do not believe that the stock is currently reflecting this potential at its current price.

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