Western Investor
Long/short equity, value, special situations, event-driven

Mart Resources: A 14% Yield And Big Catalysts

Any stock that trades with a 14% yield usually does so for a reason and Mart Resources (OTCPK:MAUXF) is no different. The company trades on the TSX Venture exchange which has been rightfully pounded, operates in potentially unstable Nigeria, and has one big pipeline problem. In this case, however, I believe that these risks are already priced in and a significant number of positive catalysts are likely to push the stock to new highs this year.

Mart Resources

Closing Price (5/6/2013): $1.44
Mkt Cap: $513 million
Yield: ~14%

(click to enlarge)

History & Management

Mart Resources is an interesting success story. It was one of the first foreign oil companies to partner with Nigerian companies under an indigenous...

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