Kolibri Global Energy Inc BNKPF

Volume

[BrokerG]

Well volume is picking up.

A good sign.

The issue is that there is so many sellers hoping to get out for such a long time, we cannot make any headway. With Oil at $49-50, we should be on our way up, yet sellers are coming out of the woodwork.

[wittmann]

I think the sellers are long gone Broker.I suspect somebody may have leaked drill results.With a 19 cent share company it wouldn't raise alarm bells.We go up over %30 with exraordinary volume and no news? I could be wrong on this but tomorrow will tell.If we go back down it only meant that we were caught by the daytraders.If we go up more or stabilise it could very well be a missed opportunity

[BrokerG]

I agree. We took out resistance. Over 4 million shares will do that. That was alot of pent up selling though. News should be out this week or  next  based on their previous news release. Very important week ahead.

[BrokerG]

Well wittman, I guess you were right again, unforturnately. It looks like we got caught in a day trade. This stock is unbelievably discouraging.  

[xmaster]

the chart still looks bullish to me.  8 cents in single day was simply too much without any news.

[xmaster]

the chart still looks bullish to me. @8 cents in single day was simply too much without any news.

[pabaloo]

The chart looks bullish? You don't have a clue, do you. Fracturing began last week and if you like to guess either went well and a few friends bought shared for the good news which is likely seeing the huge price jump and volume or day traders jumped on  highly unlikely because of the price jump. Rarely  does a day trader buy an illiquid stock after a  huge spike up with no

[BrokerG]

I may have asked this question before  but what is BNK's tipping point for OIl? What price do they need in order to maintain profitability and fund capital expenditures? From the latest news releases and financial statements it looks like their netbacks are around $25 boepd, not including hedges. This does NOT take into account capital expenditures to fund future growth. Therefore

[auburn2]

So the frantic orgasmic buyers at 28 cents suddenly don't want any shares at 24 cents??? People are funny.

[BrokerG]

That is what happens when you have a few institutional buyers come in. They purchase their shares and sit on them for years. The day traders then see the uptick and try to cash in as well. When there is no follow through, they leave.

[auburn2]

https://www.linkedin.com/pulse/bubble-point-death-pxd-oil-mix-challenge-scott-lapierre Some questions remain about Permian reserves being very overstated. I wonder if BNK's reserves are as well. I've expressed my concerns to the company that with all they've spent on OK (excluding the money sink that was European shale) production levels seem concerning. Isn't it true that all

[auburn2]

BNK Petroleum begins fracture stimulation at Hartgraves Mr. Wolf Regener reports BNK PETROLEUM INC. ANNOUNCES COMMENCEMENT OF HARTGRAVES 1-6H FRACTURE STIMULATION BNK Petroleum Inc. has commenced fracture stimulation completion operations on the previously drilled Hartgraves 1-6H well. The fracture stimulation is anticipated to take approximately two weeks, after which the equipment will be

[BrokerG]

Well I must admit, eventhough this well has taken 3 months longer to stimulate, then they said back in April, at least they are giving us updates. In the past, we were lucky to hear from them more than twice a year.

[auburn2]

Could be they're trying to drum up interest for an equity raise.

[BrokerG]

Thanks for ruining my weekend. They have a line of credit for up to $75 Million. Let's hope they would use that first. We do not need more dilution, after last year's 80 million shares

[wittmann]

You sure do like bringing up negatively don't you auburn.Along with your "smart money BS lol".What happened to your MEI and why are you posting here ...and why did you stop posting on that site?I'm sure you have your reasons..however...remember your past posts here ..and you'll understand that with me at least...your posts are worthless.

[pabaloo]

Wittless go back in your hole and rot  we all know this company is run to pay big fat salaries and wait. May be this time will be different lol

[xmaster]

so what is your strategy here? are you going to shorting this or selling what you have at this price?  i have 46k shares at 41 cent average.  should I hold or get out?

[wittmann]

I will never tell a fellow poster to buy or sell.I will however state what I do.My strategy is simple.I always buy stocks in multiple accounts.That lets me play with my own averages .I can buy and sell at a loss ..say for tax purposes ..or I can sell in a different account for a gain. I trade in a different realm than many. As for BKX..well it looks to me as though two things are happening

[xmaster]

that is very infomrative and i will take chance and hold my only oilco.  i am buy and hold type and have bunch of sector etfs.  the high growth stuff i have is 20% in biotech 20% in world small caps 10% in tech 3% in venture capital 2% in marijuana 2% in cryptocurrencies the cryptocurrencies are going nuts and i think will go much higher once they are available for masses to invest in

[pabaloo]

Day traders did not see institutional buyers and jump in Broke Day traders are exactly that and the price rose all day to the close, someone wanted shares and wasn't  concerned about a couple of cents. Not sure if they have better info than me but there's a reason and only the guy buying knows it