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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

Comment by pablo87on Sep 13, 2020 4:55pm
56 Views
Post# 31550379

RE:RE:RE:RE:RE:no

RE:RE:RE:RE:RE:noIndustry revolves around the oil sands ... and the banks...for Kelt, they still have more land than they can develop on their own so should still be selling - Pouce Coupe/Progress for sure and one of Wembley, Charlie Lake or Oak/Flatrock ideally whichever has highest breakeven cost, if not sell more if they buy something else (consolidation). Taking on more debt doesn't help, it makes the task at hand more difficult. Vending in may be ok as well and could help both buyer and seller. Crew needs to get the debt down not do like BNP wait until too late. No synergy with KEL IMO other than stock market valuation "metrics".
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