Feb. 13 at 10:40 PM
Kolibri Global Energy Inc. (Nasdaq:
$KGEI , TSX: KEI) President & CEO Wolf Regener recently presented at the Sidoti Micro-Cap Virtual Conference, hosted by Steve Ferazani, CFA, and the Sidoti & Company team. In this brief video clip, he discusses how Kolibri plans to balance debt reduction with share repurchases, and potential drilling plans.
Kolibri Energy is a B2i Digital Featured Company (https://b2idigital.com/kolibri-global-energy) focused on acquiring and developing energy projects across the United States. For more information, visit https://kolibrienergy.com and follow Kolibri on X, Facebook, and LinkedIn.
“So we haven’t put our forecast together yet, but what we’re probably going to recommend to the board for the year is, I know that everyone wants to pay down debt.” Regener said, laying out Kolibri’s capital allocation priorities for the year ahead.
How management is thinking about capital allocation in the current price environment:
- Kolibri has generally maintained a debt-to-adjusted-EBITDA ratio below 1x, and the targeted debt paydown to the mid-
$30M debt level would keep that conservative posture intact.
- The company has been actively repurchasing shares since launching its buyback program, with total repurchases exceeding 500,000 shares to date.
- The company anticipates accelerating share buybacks in the second quarter.
- Regener’s
$58 to
$60 pricing commentary gives investors a clear framework for how management thinks about activity levels relative to the commodity environment.
Watch the clip: https://youtu.be/Pv51fpwdXA0
Watch the full presentation, courtesy of Sidoti & Company: https://youtu.be/Re8pgjMuhLg
Led by Wolf Regener, President and CEO, Kolibri Global Energy is focused on unlocking shareholder value through the efficient development of its oil-rich Caney acreage in Oklahoma. The company’s highly experienced management team includes Gary Johnson, CPA, MBA, CFO; Dan Simpson, Director of Engineering; Allan Hemmy, Senior Geologist; and Dalia Lupita Isaac, Landman.
For additional details, please visit the Investors section of Kolibri’s website at: https://kolibrienergy.com/investors/.
Disclosure: David Shapiro, CEO of B2i Digital, personally purchased in the open market and currently owns shares of unrestricted KGEI stock, in line with B2i Digital’s practice of investing alongside its Featured Companies. This post is not intended to solicit the sale of KGEI or any security, and it is not intended to offer any opinion on KGEI as an investment. Conduct your own research and consult with your own professional advisors prior to making any investment decisions. See the complete Disclosure in the Risks and Disclosures section of https://b2idigital.com/disclaimer.
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