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Bullboard - Stock Discussion Forum 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... see more

TSX:KEL - Post Discussion

Kelt Exploration Ltd > vs. bookvalue
View:
Post by Druchii on Jun 18, 2021 1:54pm

vs. bookvalue

Why does Kelt trade at such a high valuation relative to the value of their NAV (PDP, TP, TPP)?  In comparison, many oil and gas companies have an enterprse value far less than NAV.  In Kelt overpirced in comparison?
Comment by PabloLafortune on Jun 20, 2021 9:57am
Kelt 2020 PDP was 29M barrels, 27 wells are being drilled or brought on line in 2021... Q1 netback was $17.67 so the value of 2021 PDP looks promising (no comment on 2P...).  But mainly this is a long term play based on land development.  Btw, not pumping Kelt's tires, its been a disappointing stock relative to its peers (for example, a few months ago you could buy 2 NVA shares with ...more  
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