Now you are talking my language"So if Kelt launched an NCIB for up to 13M shares eg ~50,000 shares a day, the share price would probably (hopefully) rise as you'd be taking shares out of the market from real shareholders." Pablo L.
The market is mispricing the value in Kelt. By my calculations, no value is being placed on Kelt's debt free staus. Kelt can run hedgeless because it has no debt. This gives Kelt growth profile torque to rising oil and gas prices. While at the same time protecting downside risk (hedge) by having no debt, they can just spend cash flow and ride through the commodity price troughs.
Kelt is +- 30,000 boe at a $30.00 net back, cash flow is signifigant. My vote is the market is not paying Kelt fairly to grow production, therfore, Kelt should maintain production volume, and put the dollars into growing production per share by reducing the share count. Kelt's share count and insider ownership make this a great value proposition to all equity holders.
I am with you on this one Pablo, cheers Matthew