RE:Eric Nuttall Trashed Kelt today..He didnt trash it. He compared it to other oil companies. Timing is everything in the life cycle of an energy co. And investing.
Nutall is invested in companies that will see share price re-rates due to drastic changes in free cash flow as a result of increasing commodity prices. Not in companies de-risking large tracts of speculative acreage. That will come later. Once oil is comfortably above where it is today.
Cheadle12 wrote: Basically no catalysts, sold their best asset off at the low of the market.. etc etc etc etc.
Do I agree?
No.
Kelt is debt free and has excellent assets. But I do think they need to acquire soon as all the other high quality assets/names have run up, so nothing is as cheap any more.. can't sit on their hands.