Manitok Energy Inc MKRYF

RE:RE:Wow a 1 cent rally!!!

[jerrybe]

I think the overall news update was positive. But as you say, as long as it is not officially in the bag, this stock is still in the shed. Its EV simply does not reflect all of its potential. As Entice becomes the new source of steady growth, this will become apparent.

For those who are not afraid of volatility, load up now. For those who want confirmation that the ship is back on track, simply wait for one or two quarter. 

I think we have lost patience and want things to rectify quickly. But the current weakness is well understood, they are in a sector that has been beaten to a pulp, they had some major midstream issues, they are a tiny firm, and the CEO has created mistrust with the Enercom fiasco (all is good one week before profit warning)...I think we would be extremely lucky if the firm recovered by year end.

If oil prices remain weak, this stock (like its peers) will also remain weak. The best they can do is run a very tight ship in terms of cost control, operational efficiency and drilling efficiency. They have the land to do it, now they have to prove it. Until then, I do not expect a strong rebound. But boy am I holding on. I would load up but I am fully in and remain diversified in my positions.