Kelt is strategic in its development
Everyone knows how companies experienced Near Death experiences not that long ago, when the banks pulled back credit in the industry right after a oil pice collaspe.
VII Gen sold for peanuts, NVA near death and stopped drilling, POU management bought debentures with their own cash, and Kelt had to sell of Inga, which made them debt free. It set the industry back a year or two.
In the midst of a industry crisis, Kelt had the assets majors wanted and was able to put themselves in a debt free place, that has allowed them the freedom to rebuild.
The vision of David Wilson and his objectives are big, look at the size of Oak with goods liquids ratio and many future years of play expansion ahead of it. Wembley/La Glace is simply huge, and there are years and years of development there. Altagas who annouced a phase 2 on the newly acquired pipestone plant, have a place market for Phase 3 already on their road map.
Feb 22, 2024 could be an important date, and it the production results are what we all expect you are going to see accelerated growth in all of Kelts assets.
Simplicity is Genius
We don't need Eric Nuttalls telling David Wilson how to create value, we don't need constant share buybacks that now pay Justin Trudeau, and we don't want to issue any more equity.
Kelt should be measure by their results in the field, they are not evaporating share holder capital, in market activities that most CEO are no qualified to engage in.
Zero debt, people may argure they woud provide more growth with debt, but as a shareholder we dont have anything to worry about interms of the long term ability of Kelt to acheive their objectives.
Kelt is to cheap, and a real buying opportunity here.
IMHO