Kolibri Global Energy Inc BNKPF

Energy

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

Kolibri Global Energy Inc > Reverse Split

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Comment by wittmannon Nov 29, 2017 9:11am

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Post# 27052949

RE:RE:Reverse Split

I don't see a need for a split either.One must look at BKX logically...they survived the low oil price years.(many small oilcos did not)..they even reduced their debt during that time(although not by much).
Some here confused the lack of production with their own opinions,which were proven wrong.Why pump oil when you don't make money?This company went into hibernation mode.Thats probably why they still exist.IMHO
I also believe they will have no problem with cash.They proved themselves as survivors and as such will be able to borrow.
A reverse split would send the wrong signals...the tactic has a reputation in the investing world as a big negative.

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