Kolibri Global Energy Inc BNKPF

RE:RE:RE:RE:RE:RE:RE:RE:Financials out

[BrokerG]

I guess that is where our opinions differ. I can't see they have the luxury of time, when they are experiencing declining well production, which will lead to eventual cash flows issues. You are also assuming oil prices increase back to the mid 60's, eventhough OPEC, the oil industry and every oil expert panel, predicts oil will hover between $50-60 for the next year. 

Of course they cannnot get the best deal with a gun to their heads. I think you are missing the point. With less and less money coming in, debts to pay, and no money to drill, there is gun to their heads. It is just of matter of time before it goes off.

I am saying take the .35-.40 cents a let someone else worry about oil and capital. There is  no way Harrington and Livermore will not take .35 to .40 cents since they paid .20 cents 5 year ago with the rights issue. Now if firms are not offering .20 cents or less for BNK, then I guess we have to wait and hope oil prices increase or a better offer comes along.