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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 Carbonbullon Oct 24, 2019 10:11am
73 Views
Post# 30263867

RE:RE:RE:RE:RE:Optimism

RE:RE:RE:RE:RE:Optimismau contraire i am still alive and well and have quietly been buying adding to my already overweight position, i also share your frustration in the silence from management although you can call the office and with patience get ahold of Wolf Regner, he does not seem panicked, i beleive he is quietly accumulating cash less the requirment to reduce debt and will drill a well in the 1rst quarter. meanwhile i am at a loss to undertand why this trades where it does ,,,same questions can be asked of other juniors like Yangerra ...there has been 300 billion wiped off of the juniors capital in the us markets alone this year only junior positive is Hess up 7 percent...lousy space to have been in 2019 , that isnt the same as saying the company is lousy ,,, this will either get taken private (all shareholders will be screwed at this price) or it will be taken out (a better price for recent shareholders but still not ideal)  best result would be a rights offering raising 10 million or so and then a focused 4 well program leading to a sale ,,, but judging from the board that is not possible so best case from here is back to the low 20's and gone,    or as others suggest maybe it just goes under a victim of lack of interest in juniors , either way i will either have a nice tax loss to offset gains or will have something to be i told you so .... 
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