Seeking Alpha

Mart Resources, Inc. (MAUXF)

- OTCPK - Current
  • Jan. 31, 2012, 10:17 AM
    Oil producer Mart Resources (MAUXF.PK), which had doubled in the past couple of months, is down over 20% in early trading on news that a third of its production was shut in for the month of December. Additionally, Mart shareholders get a nasty surprise about "pipeline losses," which apparently are a risk to consider when investing in Nigerian oil producers. (submitted by Devon Shire)
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MAUXF vs. ETF Alternatives
Company Description
Mart was one of the first foreign companies to establish partnerships with local Nigerian oil companies under the indigenous and marginal field programs, thus giving Mart strategic advantages due to the Companys relationships and local industry knowledge. Mart is a strong supporter of the... More
Country: Canada