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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 naga00on Jul 15, 2017 12:20pm
124 Views
Post# 26472741

LNG agreement is positive

LNG agreement is positivebut last time i checked we are land locked and expensive to move i assume by truck . Is this LNG going to find  a home on some tanker- It is long distant - surely we will not benefit other than sell the gas @ the current HH pricing. Concerning the insider buying i am not sure they knew when the deal was going to happen and if it was going to happen.  Again, their buying did not move the needle- the stock was down regardless of the deal and the insider gobble.
I believe that once the meeting happens and the deal gets approved ( definitely happening) that Mass if still the CFO after shareholder meeting that another acquisition is looming.  Regardless, that this roll up has created limited ripe fruit except for heavy dilution. there has been some value created we just have not really witnessed yet.  
One of these days because of the lack of world wide CAPEX and world wide growth the oil availability will not be enough to satisfy demand and oil flys high.  It is a matter of time. May take a few years but it is going to happen as Winter is approaching
Bullboard Posts