Be careful assuming that MRM follows the oil price on a daily...

Be careful assuming that MRM follows the oil price on a daily basis.

I have held and watched this stock a long time and it often moves in the opposite direction.

You only have to look at the past three days for two examples. We dropped like a stone on a rising oil price, then recovered nicely on a big down day for oil.

Overall, the rising oil price trend will be followed, but day by day, the MRM stock price has little correlation to the Brent Crude price.