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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 Tuco110on Feb 17, 2017 12:23am
198 Views
Post# 25859376

RE:MEI Vs. BBI

RE:MEI Vs. BBIInvestoNinja you ingnorant $lut. Just kidding, I own BBI and have been in and out of MEI several times, sometimes made money, sometimes lost. I like the low valuation of MEI right and it is on my radar but will not pull the trigger until I see the financials for the end of this quarter(June). Of the major differences for me is BBI has no debt whereas MEI has been building up debt and doing some creative sale lease back jobs just to stay afloat. The other two major factors in my mind are location and management. Sure MEI has a great land position and can drill very cheaply but BBI has a large Montney position near GP and it seems every one wants to be there right now and has only started to drill the project so it is unfair to judge by production and reserves. As far as management, all I can say is it is refreshing to see the CEO wanting to speak to his shareholders in an executive newsletter frequently, constantly update the presentation and make available corporate interviews onhe company website. I truly do feel like an owner not an obligation. I expect to sell my BBI within the next few months and will probably go to RMP before MEI but I am interested in this story. I'd just like to see it stabilize and make money.
Bullboard Posts