Manitok Energy Inc MKRYF

RE:RE:Trading

[Sparkletooth]

I like to think of all my equity investments as if they were penny stocks, subject to the same volatility, and the same risks (though of course they aren't) - just for peace of mind. So from that perspective, we started here at 28 cents yesterday, went down to 21 cents today, and closed at 24 cents. Doesn't seem like much if you look at it that way. For those who sold today below $2.20, I'm sorry for your loss (or lost profits if you were in cheaper). For the shorts who covered, congratulations. It's curious though, I thought the spec here was on the Entice horizontal drills - news there was exceptionally good, so I think it comes down to management. Market doesn't like surprises; or poor execution (production issues); or over-promising, under-delivering; and basically being out by miles on the guidance and revising it downwards significantly. Then there is the impact of more debt or capex curtailments because of cash flow issues. If it really is a case of bad management, the rule there is good management creates value out of next-to-nothing; and bad management destroys value.