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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 rodeo2on May 03, 2014 7:49pm
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Post# 22521826

RE:RE:RE:RE:RE:RE:RE:RE:Integral buys ???????

RE:RE:RE:RE:RE:RE:RE:RE:Integral buys ???????Crazy,

Its called setting a floor. They put in the stock buy back to keep the stock from cratering. It is artificial and the hope is always that at somne point the selling will abate and the buying will take over. Right now there is buying so they stop the stock buyback. It only works so long. Sooner or later they will have to convince the market that they are a viable company based on the Entice aquisition. If they can do that then it will be good. The one catch is that it will take a ton of drilling by Manitok to prove they are right. Its not going to happen with a handful of wells. This will be a long very risky process.
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Dealroom for high-potential pre-IPO opportunities
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