Post by
TouchDown12 on Nov 10, 2022 10:34am
Well??? Huge move on opening... 4 Cents... LOL....
I know that KELT is not a pop stock.... but this seems a little underwhelming...... Thouoghts?
Comment by
bonjovi501 on Nov 10, 2022 12:55pm
Now down 2% and I thought report was good but Mr Market says otherwise. Hopefully by the close we are green. Only red oil stock on my screen.
Comment by
bonjovi501 on Nov 10, 2022 1:12pm
Bought more shares at $5.66 but now it is going lower. No worries solid company and winter coming so win win as NatGas prices set new records. Any bets?
Comment by
Nadia6519 on Nov 11, 2022 8:46am
No bets, but : I heard/read several analysts mention that companies located in that area (North West Alberta/North East BC) are potential takeover targets by major players who will be in need of more production. Kelt was one of them.
Comment by
Nadia6519 on Nov 11, 2022 9:46am
TD12, I also heard/read that D. Wilson owns a fairly large amount of shares (if I am not mistaken, he paid himself entirely in shares a couple of years ago) and he is an exceptional operator who knows a thing or two about selling assets. I am in for the longer term. GLTA
Comment by
Seppelt on Nov 10, 2022 1:15pm
The market is not impressed by this report. Among other things, they revised 2022 production lower from already reduced guidance announced in September. Also, hedging losses close to $10/boe are higher than the average reported by its peers. 2023 looks a lot better in terms of production and the return to developing its Oak asset in BC.