It would may perfect sense to now go for the nur-1 license, as we have the backing of a rich family, and with oil being out of favour at the moment i dont think it would be too dificult to aquire, once oil swings back up it will have been a great investment/deal in retrospect, now is the time, if any that max uses the negative market to its advantage, using the deep pockets of the new family in control
That's revenue not profit. Don't forget they have to run the company and also make the debt repayments. They were struggling before at $100 a barrel, I expect they can't make the debt repayments at the current oil price.
I would hold all oil shares at the moment, why sell at s historic low... What goes up comes down vice versa in cycles... Once the market swings as she always does, massive upside in oil shares. Buy when others are fearful
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