McCreath, Insiders & Schaefer Andrew McCreath gave a thumbs up to Manitok's guidance:
https://watch.bnn.ca/#clip863184 at the 7:07 mark.
Insiders continue to buy. Dorothy Else bought 13,000 shares @ $2.93 back in November and Robert Dales just bought 8,000 shares @ $3.12 - 3.13 on January 25th. I put more stock into the insiders than I do to the author of the Oil & Gas Bulletin. You know, the guy who advised his readers to invest in PSN.
Last night's guidance was conservative. The CEO is a Finance guy. He knows rule #1 : under-promise, then over-deliver. There is no benefit to anyone for guiding to a higher number. Meeting a higher number gets no more of an upside benefit. There is asymmetric risk/reward. So pick a number that is an absolute slam-dunk, then beat that number.
The cash-flow and cap-ex numbers are very good. Investors can clearly see this company can execute without need for more capital. Well-run, boatloads of experience, conservatively managed. I bought some more today.