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Manitok Energy Inc MKRYF

Energy Oil & Gas E&P
Manitok Energy Inc is an oil and gas exploration and development company. The corporation is engaged in the exploration for, and the development, production, and acquisition of petroleum and natural gas reserves in western Canada. It mainly focuses on conventional oil and gas reservoirs in the Canadian foothills along with crude oil in Southeast Alberta. The majority of its revenue is derived from the petroleum and natural gas.


GREY:MKRYF - Post by User

Manitok Energy Inc
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Post by jerrybeon Oct 16, 2014 4:07pm
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Post# 23035488

One of the very few E&P stocks closing in the red today...

One of the very few E&P stocks closing in the red today...Kind of shocking...it is one of the few that has provided an operational update recently (before Q3 numbers)...and it was positive to say the least.

Who could make a bid for the firm? Not quite sure who would want to acquire the firm but they will get quite a bit of production for a market cap of $122 with low debt levels...

This seems to be a screaming buy...just surprised to see it drift lower...I imagine institutional holders are not interested in such a small market cap...let's just see if they come back in the next 24 months as they ramp up production significantly...
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities