Post by
Cheadle12 on May 24, 2021 11:52pm
Starting to like Kelt more now..
Nice update from Kelt tonight, growing production to 21,000 boepd with a 38% Oil & Liquids weighting.
Enterprise Value = $520.48M, no debt (exit the year with only $11M debt).
Crew's EV = $552M, $375M debt.
Kelt's Montney Lands = 370,000 acres + Charlie lake 108,000 acres.
Crew's Montney Lands = 282,000 acres.
https://ca.finance.yahoo.com/news/kelt-increases-2021-guidance-production-000000805.html
Simply a better mgmt. team and the stock will also outperform from here.
Comment by
gonatgasgo on May 25, 2021 11:38am
I am happy for Kelt, that they are finally taking advantage of high commodity prices (read, it is about time). Crew announced their increased production about 9 months earlier and their timing could not have been better.
Comment by
gonatgasgo on May 25, 2021 11:46am
Cheadle is not gone for long. When CR starts to outperform others, he will be back. :-)
Comment by
BeatTheOddsSqua on May 25, 2021 1:30pm
Kelt is in the lead now! Wait a minute is that Cheadle manipulating the share price as he loads his boat? Crew Energy Inc. $1.16 up 1.754% Kelt Exploration Ltd. $2.82 up 2.174% That guy is a major influencer!
Comment by
Cheadle12 on May 25, 2021 1:34pm
Lol. I haven't sold my shares yet. But I did trim some of my Keyera (dividend payers) to buy some Kelt. I think Crew & Kelt (and ARX) are good to hold for the next few years.. highest returns to be had!
Comment by
BeatTheOddsSqua on May 25, 2021 4:13pm
Congrats Cheadle - KEL up 3.26% You are crushing it!