Kolibri Global Energy Inc BNKPF

GENUITY INITIATES BKX COVERAGE -

[tinman8]

Hugely positive for the SP  - This 40 page report marks an initial analyst coverage.   Judging by the lack of positive reaction on the SP yesterday and today I can only assume very few people have read this report.
Highlights are - initial BUY rating with a $1.40 price target based ONLY on BKX's US plays -
                           - (European plays in Poland and elsewhere can only add to the price target - see below).
                           - acreage in Poland seen as very positive
                           - management aiming to announce 4 additional deals in Europe over the next few months
                          - if these deals successful Genuity says they could increase their price target by 68% ($2.35).
  
This is a lengthy report with all sorts of technical info.
For me the likelyhood of institutional interest now there is analyst coverage is very bullish for the SP.
Sooner or later - once the penny drops with the bulk of investors - we should be on our way again back towards $2.
GLA