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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 Apr 22, 2016 10:04am
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Post# 24798342

RE:My guess is....

RE:My guess is....This is so frustrating...I do hope this is for the deal of the century...if not, they clearly destroyed yet more shareholder value.

Our initial stakes have been completely diluted. Even going back up to $1 would represent a giant climb and I would still be down. So disappointed in Mass...there are much better deals out there. 

I am not adding a penny more to this sad affair. I will revise my statement if we learn this was to make a stunning deal...but just to pay down debt?!? When debt is actually somewhat under control...that would really hurt. 

I image good friends of Mass are buying at these low levels...I am as outraged as you Crazy. We have been talking how under the radar and undervalued this stock is relative to its ongoing transformation, but with all these stock issuances, the upside has been zapped out. 
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Dealroom for high-potential pre-IPO opportunities