Kolibri Global Energy Inc BNKPF

EXON likely acquirer of BNK

[woolco]

We all know what the move here is....

Exon will buy for sure at a price...and 40-60 cents  a share is a rounding error for them.

This land is adjacent and proven to hold oil....so why not buy it?

It also matches what Exon is saying about only doing "tuck Ins" as a growth plan for the coming years...and we are exactly that.

Here we go....

I figure 60 cents gets it done....and wont take 6 months.

[wittmann]

I agree  that a deal won't take 6 months,but there is one issue I have with an outright buyout.Wolf and his boys are oilmen,so an outright buyout leaves them where?..They've nursed this company quite successfully through thick and thin despite what past posters have said.They're survivors plain and simple.Without the financial disastor regarding Poland,this company would be miles

[BrokerG]

Yes I agree woolco that Exxon or XTO, their affiliate, is the likely suitor. However, I am not sure on price. Unless they reprice the options, .60 cents is not the greatest incentive for management to sell. Management, is of course, not the largest shareholders, so it will be what Harrington, Soros, Capital and Livermore have to say that will dictate the price and ultimate vote. They are the

[wittmann]

Truth is we shouldn't get carried away with speculation.We assume an outright sale based on nothing.The term "strategic options" as per the latest release can mean many things...and that also includes doing nothing.Banter on this BB is after all only our own opinions and or hopes.The only fact is that we don't know anything.

[woolco]

Do you just sit in your grumpy share all week and look for the worst outcomes in life? Or are you short? Get on the positive bus and enjoy the ride. Over a week ago their was a silent period at company ...and now we know there is for sure action  . pick one good news? bad news?

[wittmann]

Offended are you...why would that be? BTW for your info,there was nothing to support your claim about a blackout period ,except the blatant obvious regarding silence BEFORE the scheduled financial release..secondly any one of us knew of impending news..so much for your BS about hearing inside rumours lol.Your timing was opportunistic at best. And maybe the most important point is you appear out of

[BrokerG]

Wittman, Please don't involve me with your disagreement with woolco. I have not 'bought" into his argument. Thanks The point is BNK may be finally looking at improving shareholder value. That can only help.

[wittmann]

My apologies Broker.I shouldn't have mentioned your name.I'm just sick and tired of these pinheads showing up out of the blue.That bozo asks if I'm short ,yet fails to remember the end of my second or third last post where I specifically stated it may be a good time to buy.He casts the first stone as always.Thats what I get for being civil with my original postings with that jerk off

[BrokerG]

 No worries Mr Whitman. all is good  Did  BNK provide a maturity date or deadline for this strategic review.? I do not remember reading about it

[wittmann]

Broker,based on personal experience with these strategic reviews,company's can't provide those details.When I read their update it's almost identical in wording to other like worded releases from a few other company's I've owned in the past..it's actually very ambiguous in nature.In other words anything can happen.We've sat here on this stock now for years and the way I