Manitok Energy Inc MKRYF

changed my opinion of the deal

[naga00]

oil prices have been the criminal in this capper! If we have higher prices which we have not had for 3 years almost our party would be full of expensive scotch and plenty of hookers. But really is what it is.  Mass kept us alive but the price of life was dilution dilution and more dilution- still there was and still is plenty of value only if oil would firm ( one of these days- CAPEX has really not kept up with world demand- the boogey man is lurking)
This looks a good deal- puts us into a different group of producers.
May cause management to uplist
We acquired a more conservative run company and i think we got it on the cheap.
As mention NO cash just stock so questfire has all the coals in the fire.
Looks like a good symboitic fit 
mass pulls a fluffy white rabbit out of the rabbit hole just in time.
The lender gets a great warrant deal  that is for sure.
Finally, i think we get questfire at a bargain 
have to put a Buy rating on the deal eventhough it is such a dog.
Have to be non-emotional- it is not managemenet fault . It is the fault of too much oil and not enough demand because lackluster world economic growth ( looks like that is changing)
Finally, If Obama the creature did not lift sanction against terrorist leadership in Iran with a terrible nuclear agreement they would still be at 2.5 million barrel/day vs 4.5