Stonk Research

3.5 KEI

Kolibri Global Energy, $26 million USD in cashflow or $33 million CAD @ 1.27 divided by 35.6 million shares outstanding is 93 cents a share in cashflow on a $2.60 stock price that has the potential to really grow further in 2023.

And thats pegged at $90 dollars a barrel, if $110 or $115 or $120 barrels of oil that will be insane.

WIth the partial oil ban, I would expect adjusted flow to be,

33 million / 50 netback = 0.66 million per dollar of oil increase

Keep in mind that at 50, the price of oil is $90, if prices remain at $110 or $115, profit should be 46.2 to 49 million cad.

In wells continue to outperform expectations, there is a chance of $ 50 million or higher netback this year. Will need to compute weighted average of price of oil, Draw a line before Q2 earnings.