Everest, your comments show you are either incredibly naive or disingenuous - I think its the latter.
Oilers burn cash to develop new oil & gas field projects, and if they run out of cash before they become cashflow positive, they raise more cash.
For some reason you seem to think (or at least your comments indicate so) that MAD should be an exception in this regard. Perhaps you can name a bunch of oilers who were project cashflow positive in the 1st 2-3 years of a new field project development? Or that achieved a strong project ROE or NPAT in the 1st 2-3 years?
How about you name just one? I'll gladly look it up and learn something in that case.
Cheers, Sharks.
FDM Price at posting:
37.5¢ Sentiment: Buy Disclosure: Held
