Kolibri Global Energy Inc BNKPF

shale plays

[himmler]

Negativety towards US shale plays has never been lower.Its what we've known on this BB for years.Decline rates are frightening in some cases.With that simple fact it doesnt take  much brain power to realise that unless new wells are constantly fracked, companys cant survive.
Big US companys are the only ones that can survive this model simply because many of them have cash flow.
They simply dont have the money to continue.As for valuations that this BB puts on the company,thats completely meaningless.Its never the percieved value that matters with anything.It matters only what somebody is willing to pay.Its that blatently simple.The other opinions are just based on hopes..again completely meaningless.
We sit at 10 cents because this company has not outlined a plan.We do know that their strategic review is a failure.We also know that no lending institution is supporting shale operations.
Unless this changes in the next few months,this company is finished.

[wittmann]

You 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

[himmler]

Yeah you're right.I meant the negativety is bad.Food for thought too is American oil investors better pray that Trump gats back in .Many Democrats want to ban fracking in that country permanently.Its that uncertainty that also ruins any investor confidence.Even if trump wins that would be in about 10 months.Bkx will be broke by then.