RE:RE:RE:kel metrics superior to crI first bought Crew with the proceeds of money I received at the time from the rake-over of Painted Pony (whence my moniker) What attracted me initially was the fact that debt was not repayable till 2024 and that additional funds were available from an option to sell a further interset in a gas plant.
Crew surprised everyone by undertaking an aggressive drilling program at the same time that everyone else , including Kelt were diverting all cash flow to debt reduction and worse some companies were even undertaking a fire sales of assets . ( I won't name names).
The results as pointed out by Go Nat Gas Go have spectacularly favoured Crew. But that was then and now going forward is what interests me. It does boil down in a way to management. I have nothing but kudos to give to Crews management. I also like the fact that Kelt's management has a high interest, yet I may quibble with the way they acquired their high interest (which brings up an interesting thought I need to investigate before I invest more )
Other than management, the most alluring thing to me is the net assets I would be acquiring. as I stated earlier , those assets would be principally land as the reserves value to share price for Kelt are fairly low compared to some other similar companies.Kel does win however on an acreage to EV ratio ( I hope I do not need to explain EV to posters ). The only cloudy issue in my mind is what is what do all those acres contain . I know we have some idea based on what we have seen so far but it still remains an open question till we see many more results,
For the above reasons , I will acquire shares gradually unless Management decides to use their favourable debt position to whomp thing up as others have done !!
Glad to have gotten the response I did . Happy Easter to everyone