Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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
Comment by powermanon Jan 14, 2015 1:50pm
146 Views
Post# 23318971

RE:RE:RE:RE:RE:RE:This is past RIDICULOUS

RE:RE:RE:RE:RE:RE:This is past RIDICULOUSSo we were going to fund half of our 2015 and most of 2016 Entice drilling from revenue. Not possible. Mass reads this board for advice and is probably considering a halt later today to deal with all the new information here. No time to give an update, to busy reading this board. What are the alternatives. 1. sell more shares - 70 million @ $.70 should do it for now if it is in the works before the sp goes down to an alarmingly low price. 2. increase the line of credit and fund the commitments and ongoing operational losses with borrowed money - say $250,000,0000 ought to do it for now. 3. Kind of running out of options but as a last ditch effort - cut some overhead and operating costs. (no that wont work). lets see what else. 4. spend some time calculating a share distribution to insiders. ya that looks promising - include key lenders to think this trough. Sale of discounted shares will add to the bottom line. ya. 5. Did I mention merger. na better to go broke. 6. Wholesale the assets and screw the bag holders. That is the most likely at this point. Not management fault the oil prices are dropping and can't do anything like communicate to bolster the price. Always another opportunity down the road if insiders are looked after now. Don't tell the retail investor anything. 7. just leave and see if the sp will improve if no one is at the helm. VENTING - VENTING. DF
Bullboard Posts