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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
Bullboard Posts
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(2)
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Comment by purseon May 10, 2012 6:06pm
198 Views
Post# 19896857

RE: Lots of selling today...

RE: Lots of selling today...

I dont see anything to worry about. Guiding for $4.6 million per month cash flow by year end. That should equal round .85 cents per share, this should be trading at least 4x cash flow which would be about $3.40 per share. Results on two more well s coming shortly and results on another well wil be on its way not to long after those. They have assumed $93.39 average WTI oil and $2 natural gas price. Manitok's current average corporate operating netback is anticipated to increase from approximately $14 per boe to approximately $42 per boe by the end of 2012. Things look good here , just markets it looks like. IMHO

Bullboard Posts
Dealroom for high-potential pre-IPO opportunities