RE:RE:K vs N vs P - cut to the chaseThanks, understood. Based on the realizations reported by other producers, I'm expecting Kelt to have at least $28 per boepd of corporate netback in Q4. Less production than Pipestone but more cashflow. So how can the shares be trading in the same price range when PIPE has almost 50% more shares fully diluted, a lot more debt and much less land?
Let's see what happens tomorrow before market opens (Kelt Q4). I'll update my comparison once I've replenished my stock of napkins.