Kolibri Global Energy Inc BNKPF

RE:RE:RE:Q2 earnings out, loss of .03 share but..

[wittmann]

Well Broker you can do what you like.In other words if you want to sell its your choice certainly.Same goes for all of us.But the way I look at things this company isnt broke..it may not be making money ...but its not bankrupt.Hedging and cost cutting makes sense to me.To pump oil ..and keep pumping it, hoping oil goes up has cost many small outfits to collapse.This company isnt about to commit its financial resources to pump oil at $40 BBL.IMHO..thats why they are still around.As an investor noone is putting money into this company knowing it wont grow unless oil hits ..say $50BBL. In the meantime they are casting the net to see what they can catch..JV?..who knows? Its all just speculation.
As I said if you want to sell,you can..but it will be a tax loss sell.Nobody is ahead on BKX ..noone.The way I see things optimism is all we have left.Oil is going to go up..the question is ,of course, when and how much.
Remember that most of the other oilco's have a shareprice increase only because they are still pumping oil..but remember too...that none are making money at $40-45...so to answer your comment about folks in Oklahoma..well they arent making money either..so thats really a moot point isnt it?