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Bullboard - Stock Discussion Forum Kolibri Global Energy Inc BNKPF

Kolibri Global Energy Inc, formerly BNK Petroleum Inc is an exploration company. It is focused on the acquisition, exploration, and production of oil and gas reserves. The company owns and operates shale oil and gas properties in the United States. Its segments include the United States, Canada and Other.

Bullboard (GREY:BNKPF)

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Comment by BrokerGon Oct 10, 2019 5:05pm

RE:RE:RE:RE:Optimism

Thanks Carbonbull. NO disrespect. I was trying to ascertain what wittman was alluding to. We have been BNK shareholders for many years and I personally own a considerable amount of shares as well ...more  
Comment by Carbonbullon Oct 10, 2019 4:24pm

RE:RE:RE:Optimism

Trolling?  just a new user never posted before, bot 2 million shares over the summer based on research i did in the oklahoma fields , actually visited five plays in my old pick up truck , veteran ...more  
Post by Cougar3on Oct 10, 2019 4:24pm

Reasons to be Optimistic

1.  Current market cap of less than $25 million 2,  Current Enterprise Value less than $50 million 3.  Current Price to Tangible book value .21 4.  Book value of 54 cents a share ...more  
Comment by BrokerGon Oct 10, 2019 4:05pm

RE:RE:Optimism

Wittman, Further to your last post, are saying that carbonbull is trolling us?. I guess anything is possible. I do not think it will matter too much at this share price. We are strating to see panic ...more  
Comment by BrokerGon Oct 10, 2019 3:11pm

RE:Optimism

Management will not be around if the share price goes to zero. The reason they started this strategic review in March was because of institutional ownership who are fed up with management and the way ...more  
Post by wittmannon Oct 10, 2019 9:45am

Optimism

You guys may be missing the point by suggesting your speculation....we sit a the levels we are for a different reason.In my past experience (and I didn't join Stockhouse a few days ago) the ...more  
Comment by Carbonbullon Oct 10, 2019 9:14am

RE:RE:Net Operating Losses

what this does however is shelter the pv10 values from tax , so any proceeds on sale are tax free up to the NOL amount. tthe question of the day is will the company tax efficently distribute proceeds ...more  
Comment by BrokerGon Oct 09, 2019 3:07pm

RE:Net Operating Losses

Thanks Cougar. Good point. Therefore, given the long term tax exempt rate is currrently 1.70% we get a NOL of approx $4 million per year. [ 240 million shares x 1.70%]. Therefore it would take 9 ...more  
Post by Cougar3on Oct 09, 2019 1:51pm

Net Operating Losses

Broker- I'm not so sure those NOLs are as valuable as you think?   IRS Section 132 comes into play. I picked up more 46,600 more shares today via BNKPF mostly at .095 cents US and 2,500 ...more  
Comment by BrokerGon Oct 09, 2019 11:41am

RE:RE:RE:Accumulating

thanks carbonbull. We had previously posts on this board in relation to BNK's tax loss provisions. It was estimated at approx. $100-150 million. These can be lucrative to any acquirer since they ...more  
Comment by Carbonbullon Oct 09, 2019 9:44am

RE:RE:Accumulating

all numbers are my own estimates and should not be construed as factual just my reading of the tea leafs , with the xto well not being a success (if it was we would have been told) due to pressure ...more  
Comment by BrokerGon Oct 09, 2019 9:10am

RE:Accumulating

Hello Carbonbull I hope you are correct. Why by year end? Where did you come up with takeover price of .35-.55?
Post by Carbonbullon Oct 08, 2019 2:14pm

Accumulating

I have been a steady buyer in the summer went on strike during earl fall believe company needs to drill three more wells to shore up Pud delineation after bad Xto well with pressure sink issues ...more  
Comment by BrokerGon Sep 30, 2019 9:12am

RE:Out of money with steep declines

That end game started back in March with the Strategic Review. There are only a few possibilities: 1] They do not want to sell at .30 to .40 cents a share 2] There are no buyers
Post by auburn2on Sep 29, 2019 6:12pm

Out of money with steep declines

46% 1st year declines. Very stressful situation for this company when credit is maxed and they are having difficulty securing more funds. End game is a sale?
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