Kolibri Global Energy Inc BNKPF

RE:RE:Price?

[whitehorn1]

My take, unfortunately were in a bearish market in the oil/gas sector and affecting most stocks including BNK. Just pick any oil stock at the moment and most are performing similar or worse. There is a risk premium and investors will continue to be on the sidelines until sentiment becomes more bullish. The yo-yo action of oil and unpredictability of where it will trade in near/long term and perhaps need a few quarters of above 70 dollar oil will make this bullish. I recall owning a stock Centurion Energy back in 98-01 that traded less than a buck, in 2005 it got bought out for 12 dollars. The oil sector was in a bad downturn for 4 years then gained a lot of momentum afterwards. So, sometimes if history repeats itself a lot of these oil stocks could remain at depressed levels for a couple of years. That being said, when the sector returns more favorably I can see BNK being 12 dollars as well. That is my point of view. Also, Joseph Schacter was one of the few analysts who predicted the oil downturn, and he mentioned on BNN in May not to buy oil stocks till July due to record inventories which has been proven correct. He also mentioned that oil stocks should perform more favorably in the fall. Basically there is nothing wrong with BNK and in fact a good company on the right track in this environment.