RE:RE:RE:RE:Q3 released I'm trying to keep a positive outlook but the shine is off the apple. Kelt simply spent too much on infra and drilling and completing wells that aren't brought on line for extended periods, AND didn't borrow to either accelerate those plays or drill wells that are actually brought on line (such Pouce Coupe oily wells). In the matrix of debt or no debt on the horizontal axis, and infrastructure et al capex versus producing well capex on the vertical axis, they chose the wrong quadrant (infra and AND no debt) - so far.
Sort of like sitting on cash during a period of rampant inflation, remaining debt free became a liability for Kelt.
Mea culpa.