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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
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Comment by jerrybeon Mar 01, 2016 11:35am
116 Views
Post# 24608916

RE:SHORTS ARE COVERING

RE:SHORTS ARE COVERINGI was so close to add yesterday...but added instead to my positions on SGY.TO (Surge Energy) and LNREF (Lonestar)...classic! 

I did promise myself never to invest in this firm again...despite the decent assets. Management has just made such a fumble of this downturn...massively diluting the firm at $.13

Did management invest big at $.13? I did not see any recent disclosure of insider trading...crazy, do you know anything about who bought into the issue?

If the firm survives this downturn, then investing at $.13 was a no brainer...even with the dilution...but with permanent production misses and a general silence from the company, it is hard to invest more. Why the pop today? Short covering? Oh my, these shorts have been really greedy if they kept it short at $.13...although it might be true, it could also be that someone knows there will be a takeover or a going private (a la Boulder)? Who knows? Welcome to Venture listing stocks!
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities