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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 MyHoneyPoton Jan 26, 2024 10:59am
181 Views
Post# 35847025

Kelt is strategic in its development

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 
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