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Manitok Energy Inc MKRYF

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

Bullboard Posts
Post by purseon Aug 29, 2012 8:14pm
288 Views
Post# 20277144

super cash flow

super cash flow

The December 2012 monthly exit cash flow rate is expected to be about $4.6 to $4.7 million per month with a corporate operating netback of approximately $43.00/boe and a general and administrative cost of $2.95/boe for the month.

 

Lets keep it simple : $4,650,000 x 12 = $55,800,000.    Now we divide that by the shares, so $55,800,000/ 61,700,000 = .904 cents per share cash flow. Now if we multiply that by 3x = $2.70 per share. IF we multiply by 4x then that  =$3.60 per share. Hows that sound ?

Bullboard Posts