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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 Sparkletoothon May 02, 2015 3:19pm
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Post# 23688404

RE:RE:RE:Credit facility

RE:RE:RE:Credit facilityI think they are delaying the drills at Entice as long as possible to conserve cash. Also, no share buybacks until the oil price has recovered to $80 or so which should happen sooner rather than later, at least we all hope it will. With the hedges in place, they will have no cash flow issues this year. The news release restoring management credibility also helps immensely. Turkeys like me who rode this down for 8 months can now view this as a good bet for a long term hold (as opposed to the usual VSE scenario which is the longer you hold the worse it gets). The double off the bottom didn't take long, did it?
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Dealroom for high-potential pre-IPO opportunities