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Manitok Energy Inc MKRYF

Utilities Utilities - Regulated Electric
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

Manitok Energy Inc
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Comment by pppon Feb 15, 2018 5:53pm
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Post# 27568114

RE:RE:Stream APA

RE:RE:Stream APAFact is, Stream is putting the screws to MEI, and all they want is their money back. They are owed 36 mi for the make whole amount. So they are going to pay off NB and take control of the company. 
Problem is there is another 21 mil of debt plus all the little creditors. 10 mil or so. Before share holders see a cent. So even if the court extended this gong show. The result would be no different than receivership. The whole mess would be sold to the highest bidder. MEI has no other plan. they had 2 months to come up something. Nothing other than this was brought forward. 
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