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Kelt Exploration Ltd T.KEL

Alternate Symbol(s):  KELTF

Kelt Exploration Ltd. is an oil and gas company, focused on the exploration, development and production of crude oil and natural gas resources in Western Canada. The Company primarily operates in northwestern Alberta and northeastern British Columbia. The Company's assets are comprised of three operating divisions: Wembley/Pipestone in Alberta; Pouce Coupe/Progress/Spirit River in Alberta, and Oak/Flatrock in British Columbia. Its British Columbia assets are operated by Kelt Exploration (LNG) Ltd., a wholly owned subsidiary of the Company.


TSX:KEL - Post by User

Bullboard Posts
Comment by TripleR44on Feb 10, 2016 2:53pm
358 Views
Post# 24544733

RE:RE:RE:RE:Next Montney takeover target after RTK's acquisition?

RE:RE:RE:RE:Next Montney takeover target after RTK's acquisition?KEL debt to cash flow is close to or at 1.9x (January, 2016) which is quite low by industry standards. KEL also has a $300 million dollar undrawn line of credit available, decent production and a low Canadian dollar advantage to help manage and perhaps take advantage of crown land sales. If the West Coast LNG plants are not started in the next 5 years, the train will have left the station as other countries will have taken the market share and the contracts (BNN). It's get in the game or not at all. Therefore, it is consensus some of the 21 applicants will go forward for the long term (many weaker permits will not be able to finance). As far as eastern gas from the US for Canada, it sells at a premium when compared to Western Canada. Texas gas is not material. David Wilson and team are considered one of the very best management teams in Calgary. They have the experience to navigate current market conditions as ugly as it currently is and may become. I note they have invested $100 million of their own money in KEL (January, 2016). Wilson recently bought another 420,000 shares as one poster noted earlier.
Bullboard Posts