Last C$2.03 CAD
Change Today 0.00 / 0.00%
Volume 241.9K
As of 3:59 PM 09/16/14 All times are local (Market data is delayed by at least 15 minutes).

manitok energy inc (MEI) Snapshot

Open
C$2.04
Previous Close
C$2.03
Day High
C$2.05
Day Low
C$2.00
52 Week High
10/16/13 - C$3.38
52 Week Low
12/2/13 - C$1.93
Market Cap
139.0M
Average Volume 10 Days
573.7K
EPS TTM
C$-0.01
Shares Outstanding
68.5M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
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Current Stock Chart for MANITOK ENERGY INC (MEI)

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manitok energy inc (MEI) Details

Manitok Energy Inc. is engaged in the acquisition, exploration, development, and production of petroleum and natural gas reserves in Western Canada. The company’s products include light crude oil, natural gas, and natural gas liquids. It focuses on conventional oil and gas reservoirs in the Canadian foothills and Southeast Alberta. The company's principal properties include the Cordel/Stolberg, Entice, and Greater Hinton areas located in Alberta. Manitok Energy Inc. was founded in 2005 and is headquartered in Calgary, Canada.

29 Employees
Last Reported Date: 04/29/14
Founded in 2005

manitok energy inc (MEI) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$230.0K
Chief Financial Officer and Vice President of...
Total Annual Compensation: C$190.0K
Chief Operating Officer, Vice President, Dire...
Total Annual Compensation: C$38.3K
Vice President of Exploration - Plains
Total Annual Compensation: C$29.2K
Compensation as of Fiscal Year 2013.

manitok energy inc (MEI) Key Developments

Manitok Energy Inc. Announces Earnings and Operating Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings and Operating Guidance for 2014

Manitok Energy Inc. announced earnings and operating results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported funds from operations of $11,197,000 against $11,324,000 a year ago. Diluted funds from operations per share were $0.16 against $0.16 a year ago. Net loss was $9,044,000 against net income of $4,831,000 a year ago. Diluted net loss per share was $0.13 against EPS of $0.07 a year ago. Financial petroleum and natural gas revenue was $30,771,000 against $21,441,000 a year ago. Capital expenditures were $17,669,000 against $6,335,000 a year ago. For the six months, the company reported funds from operations of $26,658,000 against $19,185,000 a year ago. Diluted funds from operations per share were $0.37 against $0.27 a year ago. Net loss was $8,713,000 against net income of $4,696,000 a year ago. Diluted net loss per share was $0.12 against EPS of $0.06 a year ago. Financial petroleum and natural gas revenue was $65,883,000 against $39,462,000 a year ago. Capital expenditures were $19,909,000 against $17,630,000 a year ago. For the quarter, the company reported operating average daily production of 4,644 boe/d against 4,045 boe/d a year ago. For the six months, the company reported operating average daily production of 4,996 boe/d against 3,817 boe/d a year ago. For 2014, the company expects funds from operations to be in the range of $48 million to $50 million against $69 million to $71 million as expected previously. Capital expenditures expect $73.6 million against $93.1 million as expected previously. Net debt expects to be in the range of $72 million to $74 million against $56 million to $58 million as expected previously. For 2014, the company expects average daily production annual to be in the range of 4,750 boe/d to 4,950 boe/d against 6,000 boe/d to 6,200 boe/d as expected previously.

Manitok Energy Inc., Q2 2014 Earnings Call, Aug 28, 2014

Manitok Energy Inc., Q2 2014 Earnings Call, Aug 28, 2014

Manitok Energy Inc. Announces Board Changes

As a result of the votes cast at the June 2014 annual and special meeting of shareholders of Manitok Energy Inc. and a subsequent company's board of directors resolution to add another member to the Board, the company has altered the composition of its Board and Board committees. The company announced that Mr. Dennis L. Nerland and Mr. R. Keith MacLeod have joined the Board while Mr. Robert J. Dales did not seek re-election as a director of the Corporation at the Shareholders Meeting. Mr. Nerland has been a partner with the law firm Shea Nerland Calnan LLP since 1990, practicing primarily in the areas of tax and trust law. Mr. Nerland is a current and past director of a number of private and public companies listed on the TSX Venture Exchange and the Toronto Stock Exchange and is currently a trustee of a number of private investment trusts. Mr. MacLeod is a professional engineer with more than thirty years of experience in the oil and gas industry in Alberta. He was a director, partner and Chief Executive Officer of Sproule Associates Limited, until his retirement on June 30, 2014. Mr. MacLeod has expertise in the areas of petroleum engineering, property and corporate reserves and resource evaluations, acquisitions and divestitures, National Instrument 51-101 and Securities Exchange Commission reports, arbitration, litigation and investment advice. Mr. Macleod is currently a director of a public energy and petroleum company listed on the TSX as well as two private technology companies.

 

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Price/Sales 1.7x
Price/Book 1.6x
Price/Cash Flow 4.2x
TEV/Sales 1.4x
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