Kelt Exploration Ltd T.KEL

from a long time investor in O&G...

[downwithdotcom1]

..never seen it so bad..if it wern't for active trading in some of my core positions i would be absolutely bankrupt..this industry has been pounded by a series of shocks -external, some internal (F#$K the CEO's who continued to drill in the name of production #s at the expense of profits and share holder value but i digress) and more so today high political in nature. My latest hit (and the one that i think i made the most money actively trading was PAINTED PONY - go look at its hi's and now being stolen by CNQ for what 69 cents..its just another loss but this one really stung ..why??? its because of the FALLBACK pedalling that most companies use - the NAV and i fell for it ..the PONY was pedalling don't worry we're still worth by competing MONTENY land sales $4 to $6 shares -right up to this gift sale to CNQ.. if one of the premier gas producers can't make a go..who can?? note well, 2021 henry hub nat gas strip prices were  bouncing above $3 mmf with CDN prices equall strong - go figure..anyways, maybe happyier times coming but be wise  in your investing..dwdc

[Seppelt]

“a long time investor” should not be terribly upset if a name in his portfolio has been taken out with a low or no premium. Just use the proceeds and buy another name. And wait for better times when the pandemic is a lesser threat and oil recovers above $50. Wouldn’t be nice if it happens before mid 2021? And you already mentioned strong nat gas futures. The market probably sees lower production

[Seppelt]

I don’t have any proceeds from Pony, unfortunately. Have to use the hard earned cash for extra purchases. Had a few open buy orders which expired today. Got a fill on KEL and missed another name by a penny. There is always tomorrow or next week or more.