RE:RE:Best move for Kelt...Merge with Storm. SRXI think the best move for Kelt is to merge with Advantage. This move would essentially link up the Pipestone/Wembley, Valhalla assets .. Balance sheet would be a thing of beauty & nice injection of of low dry gas volumes.
That's the merger I think.
OGGambler wrote: So far there have been suggestions to merge with Crew, Birchcliff and Storm that I know of. I have my own suggestion. I propose that Kelt borrow $1B to drill 200 wells (regardless of any other considerations...lol) but hedge all the output until the capex is paid back (probably 12 months or less right now?). The idea is that after this $1B project, the debt would be the same as it is today ($0) BUT with perhaps 30,000 boepd of low decline production ADDED to current production levels. And to repeat this every time commodity price are like they are today until Kelt reaches 150,000 boepd. What say you?