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Kolibri Global Energy ( (TSE:KEI) ) has provided an update.
Kolibri Global Energy reported strong initial production results from its latest Barnes wells in the Tishomingo field in Oklahoma, with both wells delivering high oil cuts of around 83% and outperforming the earlier Lovina wells on a comparable basis by roughly 22% in barrels of oil equivalent per day. The company noted that its Velin wells are improving more slowly due to operational factors and unique geological features, but management highlighted a growing oil-weighted production mix, which is enhancing netbacks and expected to support lower decline rates and robust returns, while Kolibri continues share buybacks, plans to reduce its credit line in the first quarter, and steps up investor outreach through upcoming virtual conferences and roadshows.
The most recent analyst rating on (TSE:KEI) stock is a Hold with a C$6.00 price target. To see the full list of analyst forecasts on Kolibri Global Energy stock, see the TSE:KEI Stock Forecast page.
Spark’s Take on TSE:KEI Stock
According to Spark, TipRanks’ AI Analyst, TSE:KEI is a Neutral.
Kolibri Global Energy’s overall score is driven by strong financial performance and attractive valuation, offset by technical weaknesses and challenges in revenue growth and cash flow. The earnings call and corporate events provide mixed signals, with positive production growth and shareholder returns countered by strategic concerns.
To see Spark’s full report on TSE:KEI stock, click here.
More about Kolibri Global Energy
Kolibri Global Energy Inc. is a North American oil and gas company that owns and operates energy properties in the United States, focusing on identifying, acquiring and exploiting oil- and gas-focused projects using its technical and operational expertise. The company’s shares trade on the Toronto Stock Exchange under the symbol KEI and on Nasdaq under the symbol KGEI.
Average Trading Volume: 17,760
Technical Sentiment Signal: Sell
Current Market Cap: C$166.9M
Find detailed analytics on KEI stock on TipRanks’ Stock Analysis page.