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Manitok Energy Inc MKRYF

Utilities Utilities - Regulated Electric
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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Comment by teeveeon Jan 04, 2015 7:59pm
215 Views
Post# 23284568

RE:RE:I am giving them 2 weeks

RE:RE:I am giving them 2 weeks
filefish wrote: Given the current situation, its going to be very difficult to project any numbers going forward, other than perhaps production estimates. Personally, I would like to see them tell us that they are completing the current wells in progress and then halting capex until commodity prices firm up. Put 10% of cash flow towards stock buy backs and 90% towards debt reduction. I do realize that they have a certain $ commitment for 2015 for drilling to meet their lease obligations at Entice.  


MEI can't cut back capex because they have a 3 year $100 million earn in commitment with Prairie Sky....
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities