Manitok Energy Inc MKRYF

RE:Thre has to something else...

[jerrybe]

I got a response from the CEO who said that a press release will come before the end of the month, i.e. next week. But he did not specify an exact date.

Today, there was more weakness among small cap stocks...I think MEI has simply been forgotten by the markets at this point with absolutely no support from the brokerage firms, MMs, and the firm itself.

So anything can move this stock down further but with such a small market cap, it is becoming ridiculously cheap...unless, of course, we do not know everything.

A couple of weeks ago, I was insulted by a poster about the fact that I said they were probably trying to renegotiate their commitments with PrairieSky. According to the poster, commitments cannot be renegotiated. I asked a friend who is a corporate lawyer and he told me that absolutely anything can be done if both parties agree to it. So obviously, they must be in discussions as I am sure PrairieSky does not want to force their partners to drill more than they should in a very low price environment. Entice is a success, how costly would it be to sink your partner in business? Especially after the initial success...

I think the firm is in decent shape, not worse off or better off than their average peer firm in the O&G industry. It is rough out there but with such a big slowdown in capex, I think we will see some sort of normalization by year end in prices. Hopefully, that would lead to a restart of Entice's drilling in earnest by H2. GLTA!