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Last C$1.24 CAD
Change Today -0.12 / -8.82%
Volume 133.0K
As of 3:59 PM 05/4/15 All times are local (Market data is delayed by at least 15 minutes).

manitok energy inc (MEI) Snapshot

Open
C$1.35
Previous Close
C$1.36
Day High
C$1.37
Day Low
C$1.23
52 Week High
07/7/14 - C$3.19
52 Week Low
01/29/15 - C$0.62
Market Cap
80.9M
Average Volume 10 Days
103.5K
EPS TTM
C$0.40
Shares Outstanding
65.3M
EX-Date
--
P/E TM
3.1x
Dividend
--
Dividend Yield
--
Current Stock Chart for MANITOK ENERGY INC (MEI)

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manitok energy inc (MEI) Details

Manitok Energy Inc. engages 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 comprise the Cordel/Stolberg property located to the north of the hamlet of Nordegg, Alberta; and the Entice area of southeast Alberta. Manitok Energy Inc. was founded in 2005 and is headquartered in Calgary, Canada.

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 to Acquire Southern Alberta Assets for $61.5 Million

Manitok Energy Inc. has entered into an asset purchase agreement for the acquisition of 1,800 boe per day of production and a 25,000-bbl-per-day fluid processing facility near Wayne in southern Alberta for total cash consideration of $61.5 million prior to transaction costs and customary closing adjustments. The deal is with an unnamed public Alberta-based resource company. Closing of the proposed acquisition is anticipated to occur on or about June 1, 2015. The company anticipates financing the proposed acquisition with approximately $47 million primarily from a production volume royalty of approximately 6% of Stolberg production through a private royalty income trust company and up to $20 million of infrastructure-based facility financing. The Wayne assets are just 14 kilometres due east of Manitoks Entice property, which provides significant synergies in regards to the company's growth strategy, future facility capital requirements and field operations. There are 67,712 acres (99.5% average working interest) of total land with full 3D seismic coverage. The lands consist of freehold mineral rights, held by a public royalty company with an established relationship with Manitok. Current production is weighted 66% to oil and liquids.

Manitok Energy Inc. Announces Earnings and Production Results for Fourth Quarter and Full Year Ended December 31, 2014

Manitok Energy Inc. announced earnings results for fourth quarter and full year ended December 31, 2014. For the quarter, the company reported petroleum and natural gas revenue of $18,902,000, funds from operations of $10,766,000 or $0.16 per diluted share, net loss of $2,774,000 or $0.04 per basic and diluted share, capital expenditures of $26,949,000, compared to the petroleum and natural gas revenue of $26,260,000, funds from operations of $14,117,000 or $0.19 per diluted share, net loss of $1,417,000 or $0.02 per basic and diluted share, capital expenditures of $44,236,000, for the same quarter a year ago. For the year, the company reported petroleum and natural gas revenue of $107,822,000, funds from operations of $45,980,000 or $0.65 per diluted share, net loss of $3,587,000 or $0.05 per basic and diluted share, capital expenditures of $69,690,000, total net debt of $78,553,000 compared to the petroleum and natural gas revenue of $85,950,000, funds from operations of $41,554,000 or $0.57 per diluted share, net income of $3,615,000 or $0.05 per basic and diluted share, capital expenditures of $79,365,000, total net debt of $32,514,000 for the previous year. For the quarter, the company reported average daily production of $4,072 boe/d compared to the average daily production of $4,989 boe/d for the same quarter a year ago. For the year, the company reported average daily production of $4,502 boe/d compared to the average daily production of $4,113 boe/d for the previous year.

Manitok Energy Inc., 2014 Earnings Call, May 01, 2015

Manitok Energy Inc., 2014 Earnings Call, May 01, 2015

 

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Valuation MEI Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.0x
Price/Book 1.2x
Price/Cash Flow 3.7x
TEV/Sales 0.1x
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