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Bullboard - Stock Discussion Forum 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 Discussion

Kolibri Global Energy Inc > company seems to exhaust money
View:
Post by germtech1 on Jul 11, 2018 5:46pm

company seems to exhaust money

dousn't make money
shareholder value always at risk.
always trending downward.
never a sustained upward stock price
drilling 1 well at a time......never a good return.
Not recognized in the investment world.

so how can a investor make money............wait and see....so far hasnt worked
Comment by wittmann on Jul 12, 2018 8:56am
Somebody made a lot of money if they bought at 20 cents.I guess that wasn't you.Remember that this company is trying to build value.That cannot happen overnight.This stock could take years to play out.It all depends on your timeframe. For me unfortunately,I've been in this for years.Bought into the European gameplay,but we know how that turned out.So a timeframe of a few more years doesn ...more  
Comment by BrokerG on Jul 12, 2018 1:04pm
I think your right Wittman, that is what is a little depressing. We have held this stock for many years and I thought this was my opportunity to finally sell.[ with the successful completion of WLC 14-1]. Now we are looking at a few more years to get a reasonable return. I sure would like to know what happened. Is it a dry well or unproductive well? Was it improper fracing by BNK? Is the whole ...more  
Comment by wittmann on Jul 12, 2018 2:15pm
Good questions Broker..but your last one is the most critical..and it can't be answered by drilling only one well .It's a big field.Retail investors like us can wait..hedge funds or institutions can't be bothered. The days of buy and hold seem to be over.Thats what really makes things terribly frustrating for your average Joe.