RE:BrokerGThe devil is in the details...the debt is staggering..far worse than BKX.To me its comparing apples to apples in the risk area..I see zero leverage with your MEI.To be fair many oilcos have debt...and although a survivor...from a $4 stock to pennies puts it in a worse case than BKX.Besides its a young company with much to prove.They are both a risk..but I'll stay with BKX.It not to say it cant make a go....I just dont see it.The shareprice is that low for a very good reason...you just dont see it.
But the resident idiotboy Pafoobwould be more than happy to buy in.That way if MEI tanks he can blame somebody else.
Too bad I've got the pukebag on ignore..I always enjoyed lighting fires under the kids as ss lol.
MANITOK ENERGY INC. STATEMENTS OF NET LOSS AND COMPREHENSIVE LOSS (expressed in thousands of Canadian dollars, except per share amounts) The accompanying notes are an integral part of these financial statements. Years ended December 31, 2015 2014 REVENUE Petroleum and natural gas 56,210 107,822 Royalty expenses (14,586) (32,343) Net revenue from petroleum and natural gas sales 41,624 75,479 Realized gain (loss) on financial instruments 23,844 (3,804) Unrealized gain (loss) on financial instruments (910) 27,760 Interest and other 27 31 64,585 99,466 EXPENSES Operating, net of recoveries 19,980 12,062 Transportation and marketing 3,531 5,545 Administrative, net of recoveries (note 15) 7,272 7,467 Depletion and depreciation (note 7) 27,382 26,552 Finance (note 16) 7,263 1,434 Impairment (note 6 and 7) 30,602 47,641 Loss on divestitures (note 9) 3,675 980 99,705 101,681 LOSS BEFORE INCOME TAXES (35,120) (2,215) Deferred income tax expense (recovery) (note 13) (7,925) 1,372 NET LOSS AND COMPREHENSIVE LOSS (27,195) (3,587) Net loss per common share (note 18) Basic and diluted (0.36) (0.05)