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Kelt Exploration Ltd T.KEL

Alternate Symbol(s):  KELTF

Kelt Exploration Ltd oil and gas company. The Company is focused on the exploration, development and production of crude oil and natural gas resources 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 Oak/Flatrock in British Columbia. The Company’s British Columbia assets are operated by Kelt Exploration (LNG) Ltd., a wholly owned subsidiary of the Company.


TSX:KEL - Post by User

Bullboard Posts
Comment by pablo87on Oct 28, 2020 3:48am
118 Views
Post# 31793991

RE:RE:RE:RE:RE:RE:RE:RE:Kelt will go the way of Husky

RE:RE:RE:RE:RE:RE:RE:RE:Kelt will go the way of HuskyHave faith.  The market values natural gas and they value boepd.  Of note, Pouce Coupe would do both - 5 wells alone would add 10,000 boepd per day IP30 at some pretty decent economics nowadays presumably.  Assume they're $8M wells, that's $40M capex for $160MM market cap adder?  Goes to show you these boepd valuation models are out to lunch. Whatever, lets play!

Cheadle12 wrote: well they need to do something, clearly the market shrugged off the Inga sale / debt free status.

Stock is in the toilet, along with various other names in the sector.

$1.66 today lol.  All those years of development for a $250M market cap.


Bullboard Posts