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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

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Post by BrokerG on Dec 11, 2018 9:50am

tax loss

Now this is tax loss selling. Someone was mentionning a few months ago that the selling at that time was attributable to tax loss selling. Not quite. That was large institiutions getting out.[ Soros, TD, Polygon]

This selling is tax loss. When oil goes up and we are still being sold- that is tax loss selling.

This better be a very successful well or we are going to be hurting. We need a drill plan with strong financial backing. Need to see a bond or preferred share issue with a plan for 2019 drilling.
Comment by himmler on Dec 11, 2018 11:25pm
The volume isnt that high either..I'd be more worried if it was a few hundred k.
Comment by himmler on Dec 13, 2018 4:33pm
today the volume was higher and we went down..but whats difficult to interpret is much of the selling was done by the same traders..namely anonymous.And the biggest involves cross trades between said anonymous..tough for us to make a call as to whats happening. Last 25 Trades Time   Price Shares Change  ...more  
Comment by BrokerG on Dec 14, 2018 8:59am
Hi Himmler I have been stating that for awhile. Broker" Anonymous" has been the market maker for BNK and by far the largest seller over the past year. It is difficult to increase in price when someone[ large institution] is ready to sell any amount at anytime. We need new buyers and a successful well report. Once we have established our field, we can get financing and go out and tell ...more  
Comment by pabaloo on Dec 14, 2018 2:47pm
I wonder where the 50 wells are that witless and broke said the company said were going to be drilled. I’m no rocket scientist but it looks like they may take a while to drill. I’m glad I sold out months ago. These guys are in deep I think since there the only ones pumping left. I’m serious when I say that in my opinion a company with no liquidity with hundreds of millions of shares is for me a ...more