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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

Post by Grandcentralon Jan 26, 2021 8:01pm
222 Views
Post# 32393547

Shorts compounding low share price

Shorts compounding low share priceKelt has a relatively high short position, probably because it's not currently marginable, hence putting bulls backs up to a wall. Most big bulls don't want to tie up millions of dollars with no margin-ability, and when margin called on other stocks, unfortunately Kelt is more likely to be sold for the dollar for dollar cash invested so they can hang onto their margin that's eligible elsewhere. A solid $2 floor is coming, and leverage players will be joining the game here, giving the shorts a proper squeeze. The appeal of a short play is coming to an end when Kelt anounces reserves, becomes marginable again, surprises with its 4th quarter results thanks to higher commodity prices, and institutions start calling in real buys again. Feb will be a good month.
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