Manitok Energy Inc MKRYF

EV/NAV

[OOU812]

Based on net asset value the merged mei seems quite cheap.

True enough it trades for about one-third of net asset value.

Here's what some of the other cheaper ones are trading for.

 

CQE    0.22

MQX    0.25

JOY     0.31

CONA  0.36

PPR     0.37

IPO      0.40

 

Mei used to be one of the few cheap ones out there,now there are 

quite a few.These companies all have decent cash flow, reasonable

debt and are much safer than mei.