RE:RE:RE:RE:RE:RE:This stock is hot garbage.I'm glad Kelt exists. My last small cap O&G play probably for 4 reasons: management thinks long term, they have skin in the game, they have no debt, and the stock is liquid. Which pretty much rules out everybody else.
jspaceman wrote: they have zero interest in where the stock trades on an intermittent basis. they care where it ends up when "they're done". they don't exist to please SH complainers.
PabloLafortune wrote: What I think is, they have more assets to sell (and to buy?) which is why they haven't updated us. Only a few days now hopefully.
A lot of these small players haven't made money for years and years, have a lot of debt with little hope to monetize assets at a significant premium.
At least Kelt compared to others has NO DEBT a big plus and they still own some large decent? (not being in the industry, I have no clue) assets which is another plus, finally David Wilson the CEO put his money where his mouth isn't and invested $7.5M in Kelt (more than the rest of the small cap O&G industry put together probably) and bought 5M shares
But until they develop or monetize those assets, or communicate a plan to do so, nobody cares obviously.
KR1527 wrote: well management has really failed to create any buzz or investor interest here ... yes we all know that energy prices have been challenged but what the hell are they paying management the big bucks for?