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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 mortgages101on Nov 23, 2015 3:18pm
97 Views
Post# 24316995

RE:RE:$.19 cents

RE:RE:$.19 centsCrazy have you sold your position these past few months?

I understand your anguish as nobody likes to lose money. Management seems to go into a shell as there is little to nothing to report to it's shareholders. 

I do not own Manitok, I have in the past. But just based on it's debt and oil price I think there is a 50/50 chance this goes to $0. I've been burned in the past with an oil company that had large debt during the financial crisis and as many did it went to $0. 





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