Main menu
Edison Group
  • Home
  • Equities

    Equities

    View All Equities

    Equities by Sector

    bet-at-home

    MCap

    EUR31m

    Last close

    EUR4.35

    ▲ 1.02 (30.63%)

    KEFI Gold and Copper

    MCap

    GBP38m

    Last close

    GBP0.01

    ▲ 0.11 (20.00%)

    OpGen

    MCap

    USD7m

    Last close

    USD0.49

    ▲ 0.05 (11.62%)

  • Sectors

    Sectors

  • Thematics

    Thematics

    View All Thematics

    Latest

  • Audiovisual

    Audiovisual

    View All Audiovisual

    Latest

Kolibri Global Energy (TSX: KEI)

Last close As at 26/07/2024

CAD4.77

▲ −0.06 (−1.24%)

Market capitalisation

CAD170m

Kolibri is a junior unconventional exploration and production (E&P) company operating in the Tishomingo oil field in southern Oklahoma.

The oil price remains favourable for Kolibri, which has a high share of oil in its production mix. The company’s growth story remains intact as it boasts a large proved undeveloped reserve base in the Caney formation alone.

Latest Insights

View More

Oil & Gas | Update

Kolibri Global Energy — New approach to drilling; potential share buyback

Oil & Gas | Update

Kolibri Global Energy — Record quarterly production

Oil & Gas | Flash note

Kolibri Global Energy — FY23 reserves show solid replacement rates

Oil & Gas | Update

Kolibri Global Energy — FY24 guidance suggests slower growth
Kolibri banner
Visit Website

Sector

Oil & Gas

Equity Analyst

Andrey Litvin

Energy and Resources Analyst

Andrew Keen

MD - Head of Content, Energy & Resources, Industrials

Key Management

  • David Neuhauser

    Chairman

  • Gary Johnson

    CFO

  • Wolf Regener

    Director, president and CEO

Balance Sheet

Forecast net debt (US$m)

29.8

Forecast gearing ratio (%)

15

Share Price Performance

Price Performance
% 1M 3M 12M
Actual (1.7) 11.2 (21.9)
Relative (5.2) 7.6 (29.0)
52 week high/low C$6.5/C$3.9

Financials

Kolibri Global Energy (KEI) has provided an update on operations and revised guidance. It now guides to FY24 revenue of US$57–62m and EBITDA of US$43–48m on average production of 3,200–3,700boepd. KEI plans to start drilling its next three wells in the first half of August. These wells will have longer lateral lengths, which should result in better well economics. We have revised our estimates to reflect the latest guidance and operational update. Our valuation of KEI falls slightly to US$6.8/share. The announced intention to initiate a share buyback, as well as the recent inclusion in the Russell Microcap Index, should provide additional support to the shares.

Y/E Dec Revenue (US$m) EBITDA (US$m) PBT (US$m) EPS (c) P/E (x) P/CF (x)
2022A 48.4 28.9 16.6 46.74 7.5 7.5
2023A 64.4 39.7 22.6 54.12 6.4 6.4
2024E 80.4 49.9 30.7 68.93 5.1 5.1
2025E 83.6 52.0 32.1 71.10 4.9 4.9

Research

Update

Oil & Gas

Kolibri Global Energy — Record quarterly production
IMG_2804

Flash note

Oil & Gas

Kolibri Global Energy — FY23 reserves show solid replacement rates

Oil & Gas

Update

Kolibri Global Energy — New approach to drilling; potential share buyback
Kolibri banner

Update

Oil & Gas

Kolibri Global Energy — FY24 guidance suggests slower growth
Kolibri banner

Initiation

Oil & Gas

Kolibri Global Energy — Playing its cards right

Thematics

thematic

Consumer

ConsumerWatch – The times they are a-changin’

thematic

Investment Companies

Emerging markets – Worthy of consideration

thematic

Investment Companies

Dynam Capital at the 2024 Vietnam ESG Conference

thematic

TMT

MediaWatch – Glimpses of positivity
View All

Subscribe to Edison

Get access to the very latest content matched to your personal investment style.

Sign up for free