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Kolibri Global Energy Inc BNKPF

Kolibri Global Energy Inc, formerly BNK Petroleum Inc is an exploration company. It is focused on the acquisition, exploration, and production of oil and gas reserves. The company owns and operates shale oil and gas properties in the United States. Its segments include the United States, Canada and Other.


GREY:BNKPF - Post by User

Comment by BrokerGon Aug 02, 2017 11:09am
67 Views
Post# 26538107

RE:RE:RE:RE:Volume

RE:RE:RE:RE:VolumeI may have asked this question before  but what is BNK's tipping point for OIl?

What price do they need in order to maintain profitability and fund capital expenditures?

From the latest news releases and financial statements it looks like their netbacks are around $25 boepd, not including hedges. This does NOT take into account capital expenditures to fund future growth.

Therefore, from my rude calculations they will need $47-$50 oil to survive.

Any other opinions? 
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