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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 crazyinvestoron Dec 02, 2017 11:24am
574 Views
Post# 27077598

I am sticking it out

I am sticking it outBeen in this one way to long to sell now. Is my gut feeling telling me to sell.
Yes it is. We are in deep deep trouble here people.That last quarter was horrific.
No wonder that no banks want to go near them. I have to say that it shocks me, 
when looking back, what this company has done under their financial crisis.
What were they thinking. Well the quarter has come out for all to see and I now see
Manitok management with egg dripping down their heads.So why do I not just sell
and run for the hills? Say good buy to a lot of arogant fools on this board and put
what money I have left on a weed stock? Well, because there is still a possible glimmer
of hope and I am willing to lose what ever I have left on the banks decission come Dec. 15th.
Its sink or swim then. This company needs to sell enough property to make them happy, and
it needs to be done by then. My guess is it will be our bread and butter....Stolberg property.
It makes the most sence. Sell Stolberg ( a well know producing area and some of the highest
flowing wells in Alberta) and then concentrate 100% on Entice. In my opinion the volume
of production lost from selling the Stolberg property would be made up fast by just a few wells
drilled on Entice. Anyways, you get were I am coming from. What I am saying her is that Manitok
has a lot of cards to play with and I am betting that Mass is a better card player than I think.
Do I hate this company ....YES. Its been a painful journey down and down into the abyss.
Watching these people distroy what once was a great little company.Do I want them to
go bankrupt.....NO. I have a lot invested in this DOG. Do i want the whole management team
removed and replaced 100%........thats a big YES. So remember people Dec. 15th, that is the
day that the banks reveiw Manitoks debt. If they have pulled a rabbit out of a hat then its my opinion it will be the end of this company and this pathetic board. 
Bullboard Posts