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Manitok Energy Inc MKRYF

Utilities Utilities - Regulated Electric
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
Bullboard Posts
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(18)
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Post by wreakhavokon Dec 07, 2015 5:33pm
159 Views
Post# 24363077

Took The Bait

Took The BaitStarted buying today...maybe not the bottom...but too cheap.  The last report I thought looked good.  Let me get this straight...the company has production rates of 4500 barrels per day,  has set money aside to make payments, and has a pretty darn good hedge plan in place, and has a market cap of $12 Million??
Let's get real...just like $107 dollar per barrel oil may have been to expensive, $35 dollar a barrel is too cheap.  I'm a bit of a greenhorn when it comes to oil....but I don't think people will be buying less cars, and trading in oil assets for solar energy quite yet.          Just my thoughts....
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities