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Kolibri Global Energy Inc BNKPF

Energy
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.


GREY:BNKPF - Post by User

Kolibri Global Energy Inc > Q2 Earnings and Update on Strategic Options
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Comment by himmleron Aug 09, 2019 6:47pm
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Post# 30013322

RE:RE:Q2 Earnings and Update on Strategic Options

RE:RE:Q2 Earnings and Update on Strategic OptionsGood points Broker.Their hedging saved their necks.You're right also that no new money from existing lending facility.I just wonder if another will step in.
I also wonder what the $ numbers would be net if they didn't lose all that time screwing around with those latest wells.Big stumbling blocks for sure.Hate to say it but it may very well take much time to get back on track.Oil is not an investment anymore.I own quite a few oilco's and some are down over %50 ..and thats in a few months.
I would consider financial survival to be paramount for small company's. Bkx is a survivor but that's no consolation for anyone at this point.
If oil sentiment stays where it is this stock could drop lower.We've been here for years broker...it may take a long time indeed..I sure hope not but things don't look good for oil..upcoming seasonality may help..but thats a while away.
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