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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 naga00on Jul 10, 2017 11:24pm
85 Views
Post# 26453863

RE:Mark Fisher in CNBC: Natural Gas will break $4 per mmbtu

RE:Mark Fisher in CNBC: Natural Gas will break $4 per mmbtui don't doubt the sentiment for NG in the US , but Canada is a different animal. We are seeing the usual low gor gas right now and when winter starts to hit in November Canadian gas should fly like last year.  On can only assume that property of Questfire drill late 3rd Q and 4th Q and production happens when price elavate . This time around i think smart hedges will be put in place.  I hear that only 25% of Quest was hedged.  Hard to believe, but it is what it is.  I picked up more common today. One of days or years things will change. Oil has always been a boom/bust and our bust is going to end sooner than later because for almost 3 years worldwide Capex has suffered and the piper will eventually have to paid- meaning higher prices both NG and crude.
If you consider even the debt after the acquisition and the asset valuations according to audit that this company is worth many time the share price of .08
Better than Vegas because  the game last for a very long time with potential huge returns over some sort of long term
Bullboard Posts