RE:RE:RE:Kelt to the moon!Hi Mustang, Kelt not hedging when prices are high means its share price tends to follow commodity prices closely and right now natgas is in the dumpster with oil not that far behind after Chevron's and Exxon's surprise announcements of significant production increases.
And to your point, if kelt doesn't hedge, then maybe we shareholders need to do so ourselves - when oil and gas prices are high and Kelt is unhedged and its stock price goes up significantlly (like the past 2 summers/fall), perhaps one should sell a significant portion and buy a producer that has more hedges in place. Then buy back when the stock price tanks after commodity prices drop.
Obviously some shareholders have already done that - selling Kelt along with the actual commodity, leaving ____ holding the bag (at least short-term). What was the low last year, $4.10?