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Manitok Energy Inc MKRYF

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

Bullboard Posts
Comment by jagsfan2on Feb 05, 2016 1:04pm
148 Views
Post# 24528924

RE:Closings & Royalty Review

RE:Closings & Royalty ReviewWell written post, Ninja.
The bottom of 13cents hasn't held but smaall energy stocks are so fragile right now, a drop in the Price of Oil always shakes out some stock that is not being held tightly.
I bought a few shares this am, with a stink bid but what has made me buy in, is that this stock was trading last week at 16cents and 8 months ago at 10 times today's price.

The debt/capital ratio is higher than desirable but the debt holders can't close down all the small energy cos., as that wouldn't get them all their money back or cut the supply of oil; so, like us, they just hold on and hope for better days.
Bullboard Posts