Kolibri Global Energy Stock Climbs Near 52-Week High on Growth Forecast

Kolibri Global Energy Inc. (TSX:KEI) saw its stock rise by 4.93% on 5 October 2026, reaching close to its 52-week high of C$9.70. The company, which operates the Tishomingo oil field in Oklahoma, has been a standout performer on the TSX this year, with its stock nearly doubling from its January low of C$4.65. The recent gain was driven by firm oil prices, a fully funded drilling program, and the renewal of its share buyback program.

Kolibri's 2026 base forecast predicts an average production of 4,400 to 4,800 barrels of oil equivalent per day, representing a 10% to 20% increase from 2025. The company also expects revenue of US$74 million to US$79 million and adjusted EBITDA of US$55 million to US$60 million. Investor interest has been further fueled by the company's presentation at a fall investor conference, where management highlighted strong financials, reserve growth, and efficiency gains.

The Tishomingo field, Kolibri's core asset, spans more than 17,000 net acres in the Caney Shale. The company focuses on low-risk development drilling, using well-defined locations to improve efficiency. Despite being a single-asset producer, Kolibri has managed to maintain strong financials and active share repurchases, which support buybacks and debt reduction.

Looking ahead, investors will be watching the company's next quarterly report, expected around 13 November 2026, for updates on production and cash flow. Risks include operational issues at Tishomingo, oil price volatility, and cost inflation in oilfield services. However, with a clear production growth path and supportive oil prices, Kolibri is well positioned heading into its third-quarter report.