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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
Post by jerrybeon Mar 31, 2016 6:51am
134 Views
Post# 24714139

And finally I breathe again...

And finally I breathe again......and might add more!

It seems Mass is being a shrewd player in this down market. For all the mishaps, this firm has completely transformed itself. 

IF they can deliver on all the plans and IF commodity prices normalize further, this is a clear multi-bagger, even after the significant dilution.

The reserve report blew me away...and the fact that net debt is not planned to increase is also a positive. The operational update was also positive...this is a long and protracted turnaround but IF they carry it through, the share price will be at a totally different place than what it is at now. And management with their $.18 options will make a mint. Time to join them here!
Bullboard Posts