Manitok Energy Inc MKRYF

RE:RE:RE:RE:RE:RE:RE:Further downside coming

[jerrybe]

Always the same...when it is down and out, no one wants to touch it...a year later, people will say it was a gift of God and wonder why they did not load up.

Crazy, you are right to load up. Your computations were correctly modified to take into account debt. You have to talk about enterprise value (equity + net debt), not just equity. But the gist of it is perfectly right, we have many more assets, our acreage and midstream solution is slowly but surely coming together. 

The only difference between the beginning of the year and now is sentiment. Sentiment is so negative, I take it as a contrarian signal right now. Interestingly, almost all my oil stocks are up massively today. The Iran "uncertainty" is out of the way. Those who say oil will go to $10 are simply idiots who want to get a lot of media attention. The fact of the matter is, rig counts dropped by 50%...no matter how productive shale is becoming, that will impact US production of both NG and oil. 

Manitok will rebound in a big way from here. But I sure do hope they do not issue more equity at these levels. Tempted to add but already over exposed...just so tempting to average down....