Energy is the Place to be!!Energy companies essentially have zero debt, and companies the size of Kelt provide investor clarity with respect to where their capital are deployed and the returns have been generated and the value they have created for shareholders.
This is not true for banks, utilities, and many other mega cap investment, that are currently slowly depreciating in value, their balance sheets require higher interest rate inputs, bonds, preferred shares, etc.
Kelt does not spend above it means, not like the current Canadian Government. Kelt sells oil that is priced in U.S. dollars and it is a safer being that we have a sinking Canadian Economy.
According to Analysts Kelts target price is $9.32. Kelt has been working this area for more than 10 years, and Charlie Lake, Wembley Pipestone, have demonstrated to be one of the best plays in North America.
Today Kelt is great value, and by year end Wembley will be ramping up, and Charlie is double, triple, well after well. The experience of Kelt team, and the consistent performance means 2024 will be a game changer of a year for Kelt, expecially with a big increase in Capacity at Wembley.
Kelt one of the safest investment in the market place.
IMHO