RE:RE:RE:RE:Left behind in the dustToo late for me to invest in the aforementioned basket. I see my options with Kelt shares as being a) stay put, b) go to cash or c) invest in drillers.
Economy can't afford $100 WTI, too inflationary... Months ago Pioneer CEO made a compelling argument why WTI had to stay between $50 and $70. Also if producers drill (and hedge - that seems to be the playbook - let WTI go up temporarily followed by selling a bunch of oil forward) more, this will lead to lower spot prices in a few months.
Hopefully Kelt will monetize assets soon followed by hedging and drilling like crazy.