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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 wittmannon Jan 14, 2020 9:33am
131 Views
Post# 30550349

RE:shale plays

RE:shale playsYou say negatively has never been lower?I disagree.Its never been higher.Yet the rest of your post supports the negative .Cash is king with any oil company.Most Canadian company's cut capex and instead use surplus cash for buybacks or debt reduction.Too bad this company isn't in that position.Maybe a buyout is forthcoming but it wont be in our favour.There is no leverage so I expect the worst.
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