Kolibri Global Energy Inc BNKPF

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

[whitehorn1]

I'll try to say something positive. This oil downturn et al mining downturn reminds a lot of the 2001 and 2002, where the TSX lost about 15 percent each of those years. It was brutal in 98-02 for resources. I bought several mining and oil stocks at that time, some went bust, and others were 10 baggers and more. In my opinion, there will be a turnaround, the low interest rates were the death of the markets in mining as kept cheap money flowing to zombie resources companies. This will change going forward plus supply destruction will eventually take hold and should do considerably better going forward. That said, I bought one oil stock Centurion Energy (reminds me a lot of BKX) in 200ish for .30 cents - 5 years later sold it for 12.00. History may not repeat itself but were in the worst of this bear market. I strongly believe BKX will survive based on their hedging strategies which in my opinion are superior to many other oil companies. For instance, next year they can produce for 1/2 the year at 60 dollars plus on hedging. I believe the remainder of this year is all above 60 dollars hedging. The market is so pessimistic that no one cares, but the key here is survival, share prices does not matter if you don't need the money for a couple of years. 2017 should be a very good time for resource stocks in my opinion. It will get better!!!!