FactFact is anyone that stayed long on Kelt has missed out on a big part of the rally. One of the reasons I thought Kelt would outperform was that no one owned the name. In early fall last year Nuttal and most others were doen on Nat gas heavy producers. I figured there was value in nat gas names, taking the otherside of the trade I bought Kelt and advantage. Truth is I have been wrong, money has not come in here.
Going forward from here, most funds like Nuttal's as of yet won't touch Kelt for one reason or another. They have different reasons, they don't like nat gas still, they don't like small caps, they don't like that Kelt has no leverage to debt, or they think they sold Inga on the cheap on and on.
I'm still long, hoping for a miracle. In this environment I feel like a fool. I must be out of touch, I thought debt was bad, I though cash was good, I thought people needed oil and gas. Reduced to hope for an investment strategy what a joke our market and society has become. Pot companies move up 1000% while losing money qtr after qtr.
Anyway, enough self loathing for now. Still long, still looking for David W and company to save my poor azz. Cheers bagholder Matthew