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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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Comment by jerrybeon Oct 09, 2015 2:32pm
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Post# 24180267

RE:RE:RE:RE:What happens when MEI announces...

RE:RE:RE:RE:What happens when MEI announces...Crazy, I am also upset with management and their mismanagement...in particular when it comes to communicating with shareholders. And let's not even go into the midstream solution issue...talk about growing pains here, clearly they would benefit from one or two very seasoned guys on the team. 

But with that asset base, the cash flows coming in and an imminent financing solution (by year end is my guess), then you have a risk/return profile that is compelling. That's why I am back in.

Most (rational or burnt) people will wait on the sidelines until they see proof. And obviously this firm is way too small for investment funds to dabble. They would need a proper listing for that and a decent market cap...

But if you wait for this time to come, the stock might have already gone up towards the $1 mark...still cheap (if they solved their financing/midtream issues), but you miss the multi-bagger potential. 

High risk and many better options, this is a side bet for me. GLTA!
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities