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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 investoil9on Jan 27, 2018 10:38pm
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Post# 27448643

RE:RE:RE:RE:RE:RE:Imagine

RE:RE:RE:RE:RE:RE:Imagine The AXL (Anderson) debacle was like something I've never seen and im willing to bet most on this board that ive eclipsed you all in $$ lost and frankly, its 90% my fault. I used to love the junior space but greed and the know it alls - after oil shed from $125 to $60 - had the juniors who claimed $15 op ex for heavy oil, at every chance they could get debt financed, unhedged and naked on commodity prices.

So what happens; oil hits $30 and the banks and the deb holders come calling.  The shareholder watched erosion of value on balance sheet weakness and these guys are cutting deals with the banks to stay employed.  I'll never forget the press release from Anderson when one of their cost cutting measures at the end was taking away Mr.Anderson's parking spot downtown for a savings of $5K annual.  Shortly after - sadly - he passed away and hadnt drove downtown for years prior.  The Due Diligence on these juniors are paramount.
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