Kolibri Global Energy Inc BNKPF

RE:RE:RE:RE:RE:News out (financials)

[whitehorn1]

I do like BNK's strategies and would not underestimate the management of the company. I am impressed their "not" drilling in this low cost environment. It was mentioned in their financials that if oil goes up 10 percent then ease of a credit line to drill. This company is doing fine at 1500bopd and makes absolutely no sense to be drilling oil and producing at a loss. This company should be the envy of many, as many are forced to drill and produce at a loss to appease creditors. I agree, the share price will most likely trade in the .20's as fundamentals have left the oil/gas sector. I do know this company will do extremely well when the turnaround occurs - anyone's guess but I speculating late 2016 or 2017. My recommendation is come back in a years time, as this will be very frustrating holding. A person would have to send a search party to find an oil company that is trading near a 52 wk. high or historic high. It sucks, but that is the reality of this sector, and will take time to get rid of the glut of oil. The cure for low oil prices are low prices.