MMEX Resources Corp (MMEX)

[Tntr70]

READ THIS! EXXON NEEDS MMEX PERIOD![/

(I'm not sure what MLP stands for unless it means major league player)
From an article I found today DATED FEB 22 2017!


http://www.opisnet.com/about/headlines.aspx

The project underscores how independent refiners and their MLPs can be much more nimble than major oil companies such as ExxonMobil. Among major oil companies in the U.S., only Shell has a master limited partnership affiliate, whereas nearly every publicly traded independent refiner has a publicly traded MLP.

Beyond leverage for refining operations, the additional crude oil storage could pay off when there is deep contango in crude oil prices. Much of the crude that is in U.S. tanks was put there as part of "carry plays" by public and private trading companies.