NAV at $6.65 per shareNet asset value Kelt's net asset value at Dec. 31, 2015, was $6.65 per share (from $8.20, Dec 31, 2014). Well above current share price. KEL commodity forecasts reduced guidance to $2.50 Aeco and $39 US per BOE oil to be conservative. Second half of the year commodity prices increases impact profit significantly (as supply response continues in NA). Price increases will positively impact debt to cash flow downward. Capex reduced to $65 million (40% reduction) to conserve cash.