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Kelt Exploration Ltd T.KEL

Alternate Symbol(s):  KELTF

Kelt Exploration Ltd oil and gas company. The Company is focused on the exploration, development and production of crude oil and natural gas resources in northwestern Alberta and northeastern British Columbia. The Company's assets are comprised of three operating divisions: Wembley/Pipestone in Alberta; Pouce Coupe/Progress/Spirit River in Alberta, and Oak/Flatrock in British Columbia. The Company’s British Columbia assets are operated by Kelt Exploration (LNG) Ltd., a wholly owned subsidiary of the Company.


TSX:KEL - Post by User

Comment by PabloLafortuneon Apr 24, 2022 2:04pm
123 Views
Post# 34627414

RE:Are there any catalysts for

RE:Are there any catalysts forThe catalysts are high commodity prices exacerbated by war, huge land base relative to production (best in Canada?) Ie room to grow 4x IMO, spending 100% of cashflow on capex (unlike most peers), decreasing infra spend as % of capex, increasing oil mix ( due to Wembley) which translates into higher netbacks and, mgmt focused on the basics rather than doing anything creative........the constraints are external capacities, Blueberry River First Nation agreement (with respect to Oak) and refusal to borrow (if the banks become more reasonable, might be worth borrowing rather than hedging). In 2 years this will be at least a 60,000 boepd producer so as old stated, boring is good. Btw, lots of clues in the AGM posted at Kelts website. Also, The big options increase is potentially a good sign of whats ahead for Kelt ie employee and contractor FOMO.
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