GREY:MKRYF - Post by User
Comment by
crazyinvestoron Oct 20, 2017 11:47am
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Post# 26836889
RE:RE:RE:RE:Pengrowth sells 5,500 boepd for nominal cash???????????
RE:RE:RE:RE:Pengrowth sells 5,500 boepd for nominal cash???????????Are they going bust??? Now that is the question. The first thing we have to ask is why the delay?
The banks are waiting on something. What??? The sale of a property maybe?????? Who knows,
but any delay in financing always means the bank has Manitok by their $alls.
Are they going bust ? It could happen, but there are always other options that Manitok can do
to avoid that from happening. Like I said before they can sell some of their non-core properties.
They have enough of it now. There is no way they can drill all of it themselves so farm it out or sell it.
Something is going on behind closed doors. The selling has died down and Manitok has been very
silent as of late. Things are dire right now but I have no choice but to cross my fingers and
prey that Mass can pull a rabbit out of a hat in the next few weeks. If not this company is toast.
The next few weeks will make or break if i finally sell this company and take the tax write off.
We should know by Halloween.......How ironic.