RE:RE:ValueSo on the record Geologist77, you do not own any Kelt shares & you do not plan to buy any in the near term? Correct?
geologist77 wrote: There will be a time to own this stock again hopefully. However it hasn't been in the last 6 months, and might not be in the next 6 months.
Until oil moves up hard, and or they can show profitable growth, or a take out, it will underperform the levered oil names.
If oil and gas prices retreat, it theoretically should minimize your losses relative to the others. But if your a expecting another downturn you shouldnt be long on any of these.
Remember "undervalued" is the entire sector in a bull market. And learn from the past 6 months.
MustangMatt wrote: Under valued.
July 22 the stock is $2 and the price of oil is $42 nat gas $1.80
Today the stock is just under $2 and oil is $53 and nat gas is $2.60
The reason I looked at July 22 is that is right after the Inga sale. Kelt has the same assets today as they did July 22, oil and gas prices are up significantly yet Kelt is worth less? Kelt is in significantly better shape now then during the summer of 2020. Very under valued in my opinion cheers Matthew